Post
Topic
Board Securities
Re: If you own 3000 or more Bitcoin, Wall Street wants your advice
by
mrefish
on 12/01/2014, 20:42:24 UTC
Security will be a major issue but no more of an issue than for electronic banking.

Are you kidding ?

In "electronic banking" there is almost no way anyone can steal significant amount of money without being caught and the money recovered.



I agree with ghdp.

I was at a $20 bn boutique fund the other day talking BTC with the owners -- I looked around the office and noted that there really isn't anything anyone could steal.   If a criminal walked in you could give him free reign -- what could he take?  Client lists? 

If he was REALLY clever he could figure out where to wore money....then what?  He'd need to have a wire to a bank where he could wore it to

Found a case where bank security failed destroying a California escrow company.

http://krebsonsecurity.com/2014/01/firm-bankrupted-by-cyberheist-sues-bank/

"$1.1 million to accounts in the Heilongjiang Province of China"