611 million dollars stolen from wallets--its all over internet but I dont see explanation.

And I guess some still think crypto is a good idea.

Hasn't the hacker already been traced and returned half of the crypto already?

1 hour ago, olfu said:

And I guess some still think crypto is a good idea.

Being well over a million Baht up this year on my crypto investment, I think it's a good idea.

However, it is the best idea to do your research very thoroughly before getting involved though, as there are safe environments and not safe ones. Same goes for the currencies. Some are good investments, some are pump and dump rip offs.

Digital currency is coming to everyone. The only question if it is a Country issued digital dollar, where everything you do can be monitored, or decentralised ones, such as we are seeing already. Cash will soon be a thing of the past.

The hacker identified himself, and is apparently a white hat who exploited a chink in the programming to prove a point to the company.  All the assets will be returned someone has stated.  We shall see now won't we.  My crypto is safe and secured in my own wallet and then the ETH I had was converted to ETH2 and has been staked in return for a 6% interest.  We shall see where this goes.  For me if it vanishes and all is lost and as some hope all crypto fails, well then I am fine as I have already taken profits plus to buy cars and help in buying a new house for a family member.

1 hour ago, olfu said:

611 million dollars stolen from wallets--its all over internet but I dont see explanation.

And I guess some still think crypto is a good idea.

I just checked and my 235 baht in my Rabbit Line Walllet is safe.....dodged a bullet there !

2 hours ago, olfu said:

611 million dollars stolen from wallets--its all over internet but I dont see explanation.

And I guess some still think crypto is a good idea.

MInd my words: this modern so called steam train will never, I repeat never, replace horses.

riots all over Bangkok--its all over internet but I dont see explanation.

And I guess some still think crypto is a good idea.

New “Thaksin’s wave” peculiar in its timing

And I guess some still think crypto is a good idea.

Wbmail provider terminates service

And I guess some still think crypto is a good idea.

Full disclosure demanded over distribution of 1.5m doses of donated Pfizer vaccine

And I guess some still think crypto is a good idea.

Change to deposit protection at Thai banks will have little impact

And I guess some still think crypto is a good idea.

7 minutes ago, fdsa said:

riots all over Bangkok--its all over internet but I dont see explanation.

And I guess some still think crypto is a good idea.

So whats your point?

https://decrypt.co/78198/senate-passes-infrastructure-bill-crypto-tax-house?&utm_medium=referral&utm_campaign=feed&utm_source=coinbase

my point is that two sentences in the topic do not correlate.

1 hour ago, Roel said:

MInd my words: this modern so called steam train will never, I repeat never, replace horses.

Steam trains are much more efficient than horses , but money is much more efficient than Crypto currency

27 minutes ago, fdsa said:

my point is that two sentences in the topic do not correlate.

Got it, thanks.

39 minutes ago, fdsa said:

my point is that two sentences in the topic do not correlate.

So it took 6 post to explain that fdsa...................................

Why I bought a privacy coin ARRR.

7 hours ago, Thailand said:

Hasn't the hacker already been traced and returned half of the crypto already?

Don't know if he has been traced or just worried of being caught and outed himself . And €160milj is not near half of the €600milj. 

Crypto isn't a good idea, it's a GREAT idea!

 

And for those who don't know better, ANY software can be hacked, not just crypto exchanges.

Poly's software had vulnerabilities, which the hacker exploited.

 

Because of the transparency of blockchain, however, the route the purloined coins and tokens take can be traced to the end-user's wallet. So the hacker will be bound to be nabbed eventually.

 

It is noteworthy that this individual didn't steal any Dogecoin. I wonder if Elon has noticed that!

 

Fiat is becoming something of an anachronism in the modern world, but, quite obviously, even once it is digitised, central banks are going to hold on to it; manipulate it, just like they do gold.  It gives them power over the masses.

 

The holders of scarce, decentralised assets, like Bitcoin, however, will largely be out of the reach of such control.

9 hours ago, olfu said:

And I guess some still think crypto is a good idea.

Of course it's a good idea regardless. Cash isn't a bad idea just because there are pickpockets either. In both cases, you can take measures to prevent or mitigate theft.

9 hours ago, darksidedog said:

Being well over a million Baht up this year on my crypto investment, I think it's a good idea.

However, it is the best idea to do your research very thoroughly before getting involved though, as there are safe environments and not safe ones. Same goes for the currencies. Some are good investments, some are pump and dump rip offs.

Digital currency is coming to everyone. The only question if it is a Country issued digital dollar, where everything you do can be monitored, or decentralised ones, such as we are seeing already. Cash will soon be a thing of the past.

It already is, we have online banking and credit cards

 

Crypto is a great asset to trade right now until it crashes like in 2018 but anything that can drop 50% in a month or so isn't a reliable currency. 

1 hour ago, allanos said:

The holders of scarce, decentralised assets, like Bitcoin, however, will largely be out of the reach of such control.

If you have a buyer.

I have bad impression that money itself is a well developed scam and this shows everywhere.

Sure, if you manage to gain you not complaining.

12 minutes ago, olfu said:

I have bad impression that money itself is a well developed scam and this shows everywhere.

"money" -- you mean USD?

11 hours ago, darksidedog said:

Digital currency is coming to everyone. The only question if it is a Country issued digital dollar, where everything you do can be monitored, or decentralised ones, such as we are seeing already. Cash will soon be a thing of the past.

And Enron's business model is the innovative future of energy delivery.

 

Until one day, it's not...

 

It was not stollen from Wallet, it's exchange platform......https://www.theblockcrypto.com/post/114045/at-least-611-million-stolen-in-massive-cross-chain-hack

1 hour ago, nicie91 said:

It was not stollen from Wallet, it's exchange platform......https://www.theblockcrypto.com/post/114045/at-least-611-million-stolen-in-massive-cross-chain-hack

so, if it called exchange it cannot be stollen?--I guess thats about right.

Yawn. I've been hearing "cash will be a thing of the past soon" all my life. Never will this happen as long as schemes which plummet 50% virtually overnight are an alternative.

Cash is king!

How could we have ransomware without crypto currency?

 

Sounds like the average ladyboy story to me ????