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Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says

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posted on Dec, 7 2017 @ 07:44 AM
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The most ten important things about Bit coin .
1 A kid cant buy candy with it
2 Walmart does not except it as a form of payment .
3 Car dealers will Not take it as a down payment .
4 Grocery Stores will not let you to buy food with it .
5 You can not pay bus fair with it ( exact chance plz )
6 Not even one bit coin excise in the world .
7 can not pay electric - water Bills with it .
8 can not use it to buy gas .
9 Can not buy a house with it
10 Can not use it to eat out - watch a movie
Yea hurry rush out and buy some bit coins this is going places ( every were but all the places listed .
carrying a 100 million bit coins on a thumb drive in small town USA and try renting a room .
metal money alest had the value of the stuff it was made from paper money is half a step away from being bit coin when people decide its just PAPER ( like duuuuu )
so lets just save ten steps to economic disaster and skip right to a currance that does not excist at all .
powers out O man now what ?
lol bit coin is a joke and the joke is on the fools who payed fake paper money for it .




posted on Dec, 7 2017 @ 07:53 AM
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a reply to: Mandroid7

Weirdness. I could have sworn that happened...twice!




posted on Dec, 7 2017 @ 07:53 AM
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a reply to: midnightstar

WTF?

You exchange it for money first.

It's a pretty good investment, if your initial is disposable.



posted on Dec, 7 2017 @ 07:56 AM
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Bit coin is pixie dust money.

At least our pixie dust dollar bill is backed to provide stable ish value.

Maybe we should start a bit coin religion because it's all based on faith.



posted on Dec, 7 2017 @ 07:56 AM
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originally posted by: JinMI
a reply to: Mandroid7

Weirdness. I could have sworn that happened...twice!



Exactly...

How do we get in the middle of this crypto thing?
Oh, I know, we open an exchange.

You could skim all you want.



posted on Dec, 7 2017 @ 08:22 AM
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Correct me if I'm wrong, but if it's not in your physical possession, it can vanish...
Gold and Silver too.
edit on 7-12-2017 by Plotus because: (no reason given)



posted on Dec, 7 2017 @ 08:32 AM
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a reply to: Revolution9

Greedy people? I've invested in altcoins so that makes me greedy? Lot's of people upset because they didn't get in...the intent of bitcoin was to have everyone be able to be control of their money while not having to get permission from banks to take out your own money...



posted on Dec, 7 2017 @ 08:33 AM
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a reply to: Mandroid7

Stuff is going to happen...it's life..



posted on Dec, 7 2017 @ 08:35 AM
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originally posted by: Bluntone22
Bit coin is pixie dust money.

At least our pixie dust dollar bill is backed to provide stable ish value.

Maybe we should start a bit coin religion because it's all based on faith.


Backed by what exactly?



posted on Dec, 7 2017 @ 08:35 AM
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true gold sliver cash coins and bit coins have all been stolen .
But the fools who stole the bit coin will have a really really hard time using it .
yea sell bit coins for cash and the person who buys them resells for more cash and so on .
And people think the stock market is a scam lo0l .
bit coins is a dead end one day soon people are going to relize its worthless .when that happens well from pixils it came to pixils it goes lol .
you realize bit coin is just digital now if i was a genius programmer I could say copy a bit coin a billion times after all its just 10101010101010 .
So how do you even know my 10101010 is the real 101010101010 .
o wate i know ill add more 10101010 on it humm .
Surprised there isnt a billion of them counterfeited already .
O but of course all money can be lol



posted on Dec, 7 2017 @ 08:38 AM
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originally posted by: Spider879

originally posted by: Alien Abduct

originally posted by: havok
I believe it is a proving ground to see what can happen when the people want something to exist.




Could you explain what this “something”!is?

May I interject??..a cashless society free of govt interference.


You want a cashless society where your EVERY transaction, even the 20 bucks your buddy lent you, is tracked and recorded?

Please tell me you haven't had your coffee yet....



posted on Dec, 7 2017 @ 08:39 AM
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If it was a social engineering attack there is nothing sophisticated about it.



posted on Dec, 7 2017 @ 08:42 AM
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What would happen if a bitcoin miner used an illegal non sequential algorithm to earn their bitcoins?
Has all the ear markings of a mining hack, but they will never publish the true story I'm sure of that.



posted on Dec, 7 2017 @ 09:04 AM
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originally posted by: Mandroid7
a reply to: midnightstar

WTF?

You exchange it for money first.

It's a pretty good investment, if your initial is disposable.





Not only that, but iirc bitpay has a card that works as a visa card, using bitcoin. If you have bitcoin in your wallet, you can use this like a visa card. I can't apply for one in Australia it seems, so don't know, but saw it on a vendors checkout as an option, a fairly large online vendor here too.

That person screams to me, one of those people who never got in and now rules it all a stupid joke, as they wipe the tears of regret away from their eyes, ruing the day they never got into btc.



posted on Dec, 7 2017 @ 09:07 AM
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originally posted by: EternalShadow

originally posted by: Bluntone22
Bit coin is pixie dust money.

At least our pixie dust dollar bill is backed to provide stable ish value.

Maybe we should start a bit coin religion because it's all based on faith.


Backed by what exactly?


Uh, the feds.
And you will notice I said stable "ish"



posted on Dec, 7 2017 @ 09:09 AM
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a reply to: midnightstar

Ummmmm....

That’s not how but coin works, that’s not how any of it works

It’s easy to make a snarky post, but harder to make a snarky post and also know what you’re talking about 😂✌🏼



posted on Dec, 7 2017 @ 09:15 AM
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Cryptocurrencies are FAR safer than traditional currencies. Do you have any idea how much money is lost every year to hackers and scammers? Anyone putting this down as some huge drawback of cryptocurrencies is simply ignorant.



posted on Dec, 7 2017 @ 09:21 AM
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lmao 64 million.

The banks are robbing you to the tune of 64 million dollars A MINUTE with inflation.

Saying this hack is something related to falsity of BTC is just off base. This could have happened (And does) with regular bank accounts for people.

Bitcoin is here to stay.



posted on Dec, 7 2017 @ 09:22 AM
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A sophisticated hack.

Next time A sophisticated hack.

A sophisticated hack.

A sophisticated hack.

A sophisticated hack.

A sophisticated hack.

HAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!







posted on Dec, 7 2017 @ 09:28 AM
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originally posted by: Bluntone22

originally posted by: EternalShadow

originally posted by: Bluntone22
Bit coin is pixie dust money.

At least our pixie dust dollar bill is backed to provide stable ish value.

Maybe we should start a bit coin religion because it's all based on faith.


Backed by what exactly?


Uh, the feds.
And you will notice I said stable "ish"


The feds?

What does that mean?







 
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