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Bitcoin Account Holder Loses $100K Over Public Wireless Network

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

An Anonymous Coward writes:

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: 2, Insightful) by Anonymous Coward on Sunday November 26 2017, @02:31PM (1 child)

    by Anonymous Coward on Sunday November 26 2017, @02:31PM (#601727)

    If you want to transport a significant amount gold, you have to travel with it, in secret or with an expensive posse of armed guards.

    During WWII, Jews traveled with gold sewed up in their clothes.

    Yet, with Bitcoin, your money is merely data, which can be organized, stored, hidden, split apart, and put back together in all manner of clever ways. You can split control between multiple groups, or store one piece of "seed" data in your own brain, etc.

    There is nothing in the world of money more secure than Bitcoin.

    With Bitcoin, your safeguards are limited only by your own imagination or knowledge; it would seem you are lacking in both of these.

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  • (Score: 0) by Anonymous Coward on Monday November 27 2017, @01:18AM

    by Anonymous Coward on Monday November 27 2017, @01:18AM (#601899)

    You've reminded me of the john Wayne, Kirk Douglas 1967 action flick "The War Wagon", set circa 1875.
    Armor, gun ports, and a turret with a Gatling gun [alamy.com]

    The way the bandits deal with the turret is a pretty great scene.
    Full movie 71:08 [youtube.com]

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