Conversations about Bitcoin

“I keep seeing reports on the news that Bitcoin isn’t safe.”

Actually, what you’ve been hearing is that the exchanges where bitcoins are bought and sold have fallen victim to hackers and manipulation. Bitcoin, in those cases, would themselves be unsafe because they are left in the the exchanges’ pool and not in an individual’s virtual wallet.

See, an exchange is sort of like a bank, in this instance. The bank was robbed and some Bitcoins were stolen. The fact that there were stolen implies value.


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