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Recent Exchange Hack Calls For Better Safeguards For Bitcoin

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The new bitcoin sell penetrate underscores a disadvantage of bitcoin exchanges, an emanate that needs to be addressed if bitcoin is to benefit a incomparable following, according to Megan McArdle, a Bloomberg columnist. (McArdle many expected referred to Bitfinex.) 

Safeguards have been considered, such as a practical “exploding color pack”, though it stays to be seen if such safeguards will be accepted.

It took banks many years to rise safeguards that eventually done bank spoliation unattractive to criminals.

Bitcoin Theft Is Profitable

McArdle remarkable that bitcoins are partially essential for hackers to steal.

Since a early 20th Century, bank robbing has turn a reduction appealing choice for criminals since of a safeguards banks have developed, McArdle noted. Banks have used bills noted with bursting dye, armed guards, and wordless alarms to daunt robberies. Also, many businesses currently follow confidence practices when usurpation vast amounts of income so that if a income has been stolen, it will be easy to find a legitimate owner.

Banks have also determined systems to strengthen digital payments that safeguard that digital supports are usually in one place during a


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