Posted on Nov 9, 2017
Oh, Crap! Someone Accidentally Triggered A Flaw That Locked Up $280 Million In Ethereum
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So paper money may only be valuable because of its governmental backing, but it does at least have government backing problem with these cryptocurrencies is that they don't have any recourse. If it is gone, tough shit.
Oh, Crap! Someone Accidentally Triggered A Flaw That Locked Up $280 Million In Ethereum
Posted from thehackernews.com
Information Technology
Bitcoin
Hacking
Posted 7 y ago
Responses: 2
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To be fair, even US currency exists mostly in cyberspace. I rarely see "folding money" and coins are a nuisance that collect in a cup holder in my car or one of the tiny drawers in my rolltop desk. All income arrives in my bank accounts electronically and exits the same way. I don't worry about it overmuch because if the whole system crashed, I suspect that folding money wouldn't be much use. We'd be using the barter system. How much do you think my mustache is worth?
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PO3 Steven Sherrill
CPT Jack Durish I guess paper money was a bad way to refer to it. My point was as you stated, at least with government backed currency, if it fails, we have bigger problems to worry about than our U.S. Dollars. Epic Mustaches priceless.
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So, let me get this straight.... the smartest developers develop a cryptocurrency wallet, but they didn't know they had a "Severe Vulnerability" in it? It reminds me of this Rice University graduate that was supposedly the smartest graduate they had had in years, who didn't realize that a car needed gas in it to run...
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SSG Robert Webster
LT Brad McInnis You can be so smart, that you are stupid. (Not you specifically, it's a saying.) ;-)
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