51–60 of 80 posts
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Because until very recently that is what hacker meant to regular people: "someone who bypasses computer security, usually to commit a crime"
"Until very recently"? So what does it mean now to regular people?
Earlier quoted context omitted.
Because until very recently that is what hacker meant to regular people: "someone who bypasses computer security, usually to commit a crime"
"Until very recently"? So what does it mean now to regular people?
How is it that this can't be prevented by the Bitcoin network? The network should be able to mark coins stolen and unusable...oh wait it can't. Because in order to do that you'd need a trusted third party to verify the coins were stolen defeating the purpose of a distributed ledger that doesn't require third party trust. Yet another shortcoming of trying to replicate cash.
You can flip the argument around: Credit card chargeback fraud is extremely common. Accepting irreversible payments would be better for these cases as the customer cannot pay, walk out with goods and keep their money. It's much harder for a public company to actively defraud their customers so this is actually more sane. Also cash has the exact same properties.
I mean, sort of. There are logistics that make stealing $70m worth of physical cash difficult.
What really pisses me off is how it got handled by NiceHash: Alex Zvyozdny: Many of you already know that the site reddit spread information about the alleged hacking of our service. We hasten to assure everyone that your bitcoins are safe and sound. And we are the largest pool in the CIS countries are not going to close, but rather increase our presence in the regions. In connection with the increased number of thos…
Sounds like it was written by a 12 year old
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If someone stoles cash from you, how do you mark that cash as stolen?
FWIW banks will record serial numbers of bills that go missing after a robbery.
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Whoa, edgy!
It is truly astonishing how salty the hacker news community is about BTX
Can someone explain how is it possible to steal Bitcoin if every transaction is recorded in a public ledger? Does not every bitcoin have its own signature which allows you to track its movement? New to this.
Think of 'owning' a bitcoin as 'having the ability to spend' this bitcoin. This ability is guarded by a private key. If this private key is stolen, someone else ALSO has the ability to spend this bitcoin. Then, if this attacker transfers this bitcoin to another of his own private keys (he 'spends' it), in the blockchain there will be a record, yes. But who owns this new private key is unknown.
Earlier quoted context omitted.
You can flip the argument around: Credit card chargeback fraud is extremely common. Accepting irreversible payments would be better for these cases as the customer cannot pay, walk out with goods and keep their money. It's much harder for a public company to actively defraud their customers so this is actually more sane. Also cash has the exact same properties.
> Also cash has the exact same properties. I mean, sort of. There are logistics that make stealing $70m worth of physical cash difficult.