alt Hacker NewsThis is a real "thoughts and prayers" type situation because I basically have zero sympathy for those affected by this. There's really no reason for crypto to exist. You're kind of on your own. I view reversible transactions and the like as a feature not a bug. Every one of these crypto thefts is the fruit of irreversible transactions that crypto advocates wanted.
Live by the sword, die by the sword.
Don't get me wrong: I love reading about the ingenuity involved in these hacks. Keep em coming. The Ledger chip hack was particularly impressive from a technical POV.
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I’m mildly pro-crypto but I also believe that FBI shouldn’t be getting invovled in recovering “stolen” crypto. If you lose your keys, whether by incompetence or a scam, that’s that. Whoever has the keys owns the crypto. Trying to impose government-sanctioned concepts of ownership or theft beyond this is defeating the purpose.
You’ll get downvoted, but I’m totally with you. Very interesting write ups and lots of ingenuity in the hack, very/completely unsympathetic targets of the hack.
Crypto now exists to solely to fund Kim Jong Un's regime
/s (kinda)
Fools and there money, but I do not like the idea of North Korea illegally gathering money in any form. While I don't care whether cryptobros loose money, I don't want to see that money go to such a regime.
"There's really no reason for crypto to exist"
There definitely are some reasons, precisely when reversibility works against you: eg. when bad authorities wrongly target you or censor you. Crytocurrencies give us payment networks that work even where traditional systems fail. No denied transactions. No limits. No "account" to open. Works for the underbanked. Send money truly anytime anywhere. No other system does this. That's the value.
It's absolutely possible that you personally have no reason to use crypto. But others don't have the same experience as you due to where they live, what political party they support, what they do, etc. There is a lot of censorship and oppression in the world.