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posted by janrinok on Sunday November 26 2017, @01:43PM   Printer-friendly
from the gone! dept.

https://api.cointelegraph.com/amp/v1/news/bitcoin-account-holder-loses-100k-over-public-wireless-network

An unidentified 36-year-old man who owns a Bitcoin account has lost more than 100,000 euros ($117,000) worth of Bitcoins while he was logged in on a public wireless network in a restaurant in Vienna, Austria.

The Austrian police, however, claimed that they are still investigating whether the victim's account was already hacked before he opened his account on the unsecured network, CBS reports.

This latest case reflects the growing concern over the security of digital currencies like Bitcoin and Ethereum amidst their growing popularity as a mode of payment.


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  • (Score: 3, Interesting) by isostatic on Monday November 27 2017, @03:12PM

    by isostatic (365) on Monday November 27 2017, @03:12PM (#602071) Journal

    I'm not American, I don't live in America, I don't have any plans to go to America, and I don't owe the US government anything.

    However I still have 100USD in my wallet in various denominations. That's more than I have in GBP or EUR. The reason for this is it's globally accepted, in both shady and non-shady situations. Fly into Egypt, and $25 gets you in. Kenya needs something similar. The guy with the AK47 stops your car, it's amazing how much paying a $5 'environmental tax' will fix the 'problem' with your car.

    So the USD is real, it has value thanks to voluntary interaction (that said it's value is highest in the situation where the interaction isn't exactly voluntary, but doesn't involve the US government)

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