Quote from: shorena on August 12, 2014, 08:09:02 AM

Quote from: Kprawn on August 12, 2014, 07:47:33 AM

-snip-
someone who got past their protection mechanisms.
-snip-

There was no protection machanism. IIRC the first phone hack was done with a Cpt. Crunch whistle that came with the cerial. It had the same frequency as the code that signaled the amount of money you have put in the phone.

Quote from: Gleb Gamow on August 12, 2014, 07:33:58 AM

The official report was put out by Consumer Financial Protection Bureau, and they should know, otherwise they wouldn't have made a false statement putting their brand at risk while eliminating risk for the consumer: http://files.consumerfinance.gov/f/201408_cfpb_consumer-advisory_virtual-currencies.pdf

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Even if you use best practices, anything that connects to the Interneteven big companiescan be hacked.

How come this is News?

Also:

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When using virtual currencies to pay for goods
or services, if you dont enter the recipients
64-character public key perfectly, you will send
the funds to the wrong person.

they are just spreading FUD.
#1 noone uses public keys directly
#2 addresses (those that are used) have a checksum, so most typos will result in a wrong address and your TX will be invalid.

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No party is required by law to accept payment in
virtual currencies

AFAIK no store is required by law to accept local FIAT either. They could just refuse customers with $ or or whatever.

Quote from: Rigon on August 12, 2014, 07:57:03 AM

Well if everything can be hacked I guess this will entice some to create a technology where websites or anything connected cant be hacked, and it also gave me an idea.

I think you use the word "hack" wrong, it just means that you use something in a way that it was not intended. So if you opened your beer with a paper, you just did a hack.

I doubt it will ever be possible to find something that can not be used in a way that was not thought off before. Humans are very creative and IMHO will allways find a way to use something in a new way.

Hence, this release doesn't make sense. Somebody's pulling strings.