Patrick Murck Executive Director, Bitcoin Foundation on CNN Talks About Bitstamp Hack

Patrick Murck Executive Director, Bitcoin Foundation on CNN Talks About Bitstamp Hack

Patrick Murck joined Quest Means Business to discuss the security concerns over bitcoin from on Vimeo. Patrick Murck discusses on CNN the Bitstamp hot wallet hack and how exchanges are doing better despite the hack in protecting customer funds. He also illustrates that this is not a MtGox type situation as well as how far we have come in digital security.

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Well, Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and of course for large transactions currency can get pretty inconvenient.

Bill Gates, Founder of Microsoft