Security Of Your Bitcoins Is Predominantly Your Responsibility
Content theft has persisted as one of the worst ills of the internet generation. Data breaches and identity thefts have always left victims with a sour taste. Bitcoin wallets have been hacked and owners’ wealth stolen on several cases. Are there ways to ultimately prevent one’s wallet from being hacked? Is there any way of recovering stolen funds from a hacked wallet? Are exchanges obliged to refund Bitcoins stolen from a virtual wallet? Every hoster of virtual wallets and exchanges will always inform wallet owners of the importance of employing sometimes very basic, and at other times a....
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When it comes to embracing Bitcoin, regardless of whether you believe in the coin, the ideology, or the technology, there are always certain unwritten rules to keep in mind. First and foremost, the end user is in control of their funds at any given time, which also means they bear the full responsibility for what happens to their bitcoins. Storing them....
It was recently reported that blockchain.info users had up to 250 bitcoins lost during a security lapse that took place during the early hours of Monday, December 8th. The site took full responsibility for the situation on Twitter, announcing that they were at fault and would work towards reimbursing any whose funds may have disappeared during the event. Now, what can only be described as a "hacker with morals" has come forward to confess that he had taken (and has now returned) the lost bitcoins. Going by the name 'johoe' on the popular forum Bitcoin Talk, the hacker explains: "There were....
What's the Bitcoin Fund? It's an investment fund in which every share costs one bitcoin ... and Anatoliy Knyazev, managing partner at the Bitcoin Fund, and Tim Enneking, chairman of Altima Asset Management were on hand at Bitcoin 2013 on Sunday to walk attendees through how it all works. Anatoliy Knyazev, managing partner, Bitcoin Fund. Investing in Bitcoin Fund has many advantages, Knyazev asserted. First, he said, it's easier to buy shares on the exchange than it is to buy bitcoins. Second, he added, the fund holds bitcoins in a highly secure manner, with sound cryptography and three....
Bitcoin, being sound money capable of long-term wealth storage, returns the responsibility of saving to the people.
Sacrificing individuals is and always will be an immoral choice. If you want a better society, responsibility is probably a good place to start.