The numbers are quite alarming. According to this Forbes article, while the number fluctuates based on the market price and the published amount at the authors time of writing, these are the quoted amounts that have been lost due to hacks as well as human error.
DAO - $53 million
Bitfinex - $72 million
Parity - $30 million + $275 million
Mt. Gox $460 million
Coincheck $530 million
Thats over $1 billion that has been lost! Obviously, cryptocurrency is giving us specific challenges around protecting our assets. At the same time, this gives us the opportunity to push the limits of this technology in order to elevate our lives, right? What are your thoughts about this news?
https://www.forbes.com/sites/forbesagencycouncil/2018/09/27/cryptocurrency-how-to-avoid-getting-hacked/#184495a14692I think bitcoin amounts that have been lost would have been a lot better. Also it has not been "lost" to us, it just changed hands but the money is still out there, most of those people who hacked these places cashed out that money and basically living the life with fiat right now while some other person bought that money somehow.
"Lost" is the type of money when someone actually forgots the secret keys and seeds of their wallet which is an actual trouble for bitcoin, it is estimated that around 500k bitcoins have been "lost" that way either can't be reached or satoshi basically not using the coins he has as a major part of that.