/biz/ - Business & Finance

[Anonymous No.13572556]

If Bitcoin is so good, how come some nerd in his basement can hack a billion dollar exchange and steal Bitcoins? you can never steal money from a bank by hacking into the bank's website.
>mfw all it takes to steal your cryptos from the biggest, most secure exchange is pajeet tier social psychology tricks

[Anonymous No.13572586]

>>13572556
Kys

[Anonymous No.13572645]

>>13572556
You mean like that time that Bankers stole $101 million by hacking Bangladesh's central bank and transferring it out using the swift system?

https://en.wikipedia.org/wiki/2015%E2%80%932016_SWIFT_banking_hack

[Anonymous No.13572663]

>>13572645
Hackers not bankers*
>They legit used pajeet tier phishing scams to do this.

[Anonymous No.13572665]

>>13572556
Bitcoin can be extremely easily hackable and also good at the same time.

[Anonymous No.13572668]

>>13572556
>you can never steal money from a bank by hacking into the bank's website
KYS faggot, you have no idea, the SWIFT vulnerability alone was exploited for months and billions were stolen.
https://www.globalsign.com/en/blog/cyber-bank-robberies-contribute-to-1-trillion-in-cybercrime-losses/

With BTC anyone can track these 7000 coin, and good luck for the attackers to cash them out, they are marked, good luck depositing them to an exchange or selling them OTC, they have to do it by hand with low amounts

[Anonymous No.13572707]

>>13572668
Crypto anonymity btfo. Thanks for pointing this out

[Anonymous No.13572745]

>so my grandson told me about his Bitcoins...
>*slight chuckle*
>did you know? if you lose your Bitcoin password your coins are lost forever. it's impossbile to retrieve them. Can you imagine losing your password for your safe, and not being able to access the money inside EVER AGAIN?
>HAHAHAHAHAHAHAHAHAHA
>"well actually, you CAN retrieve those Bitcoins!"
>Oh really bob?
>"Yes! guess how..."
>*slight chuckle*
>"You just roll back the bitcoin network..."
>*confused looks*
>"...so every transaction that happened before that.... is... *chuckle* reversed"
>HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.13572748]

>>13572707
Everybody knows BTC is not anonymous, the only safe way is to use ZCash with private transactions and pay 20% to the Jews

[Anonymous No.13572757]

>>13572668
so what your saying is that all transactions done in crypto can be traced and that there is no privacy....why would people want to use this for purchases again?

[Anonymous No.13572769]

>>13572748
or xmr

[Anonymous No.13572844]

>So I was trying to send aunt Margaret some money last week, my son recommended me to use something called "etherum", it's some kind of crypto currency. Anyway, so he shows me how to convert dollars to etheurm and send it. Took us all day until we set everything up and explained the process to Margaret. So I sent her these coins yesterday, and it still hasn't arrived. Called my son, asked what's up, he told me the etherum netweork is congested? I asked why, and he told me... oh lord *sighs* he said... *facepalms* he said the network is congested by some virtual cat collector website HAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAA

[Anonymous No.13572852]

>>13572748
Yes because I’m sure I can trust the Jews with my money and my privacy

[Anonymous No.13572871]

>>13572668
Yeah that 7000 btc is now out of circulation pretty much

[Anonymous No.13572888]

>>13572844
>sked what's up, he told me the etherum netweork is congested? I asked why, and he told me... oh lord *sighs* he said... *facepalms* he said the network is congested by some virtual cat collector website HAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHHAA

Stfu faggot, who cares about boomers, they barely know how to work a keyboard or tablet.

My grandparents could never work out dial up internet either.

[Anonymous No.13572890]

>>13572556
The flaw isnt in Bitcoin, its in Binance and the people who run it. If everyone kept their shit in hardware wallets and was careful about where they store their seed phrase this would literally never happen. Ever.

[Anonymous No.13572917]

>>13572890
>adds another layer of complexity to something that’s already too complex for 90% of the population to into
Mass adoption soon?

[Anonymous No.13572921]

>so if we adopt cryoto, you're saying if I shut off the internet the whole financial system will be down?

[Anonymous No.13572936]

>>13572852
Say what you will about the Jews, but at least they are openly ripping people off. They typically dont do shady shit like steal, they just get people to consent to terrible deals that make the Jew money. You can beat the Jew by simply educating yourself in the ways of their Jewish tricks. They have college degrees dedicated to exactly this. Its called a Juris Doctor degree, or J.D.

[Anonymous No.13572950]

>>13572936
Ok, but what makes you think you won’t get blackmailed at some later date for buying dragon dildos or what have you with your Jew run “privacy” coin? Serious question

[Anonymous No.13572977]

>>13572917
Hardware wallets actually make the process easier. If someone would make a hardware wallet with a biometric scanned pin you could make crypto as easy to use as credit cards. Not to mention, mass adoption of crypto will come when the current financial system fails to uphold the trust people put in it. The dollar is the global reserve currency, and we keep printing more of it every day. If you think this is sustainable, you deserve to be poor.

[Anonymous No.13573005]

>>13572950
Read the fine print. See what they reserve the rights to do with your data. The Jew will always tell you what his intentions are, because if he doesnt you can sue him and separate him from his beloved shekels.

[Anonymous No.13573040]

>>13572977
I agree with you, but there are other options. I feel like you’re not seeing the forest for the trees.

[Anonymous No.13573091]

>>13572556
>you can never steal money from a bank by hacking into the bank's website
Imagine being this retarded

[Anonymous No.13573132]

>>13573040
Other options for what? Transactions involving crypto?