Over $70 million worth of Bitcoin has been stolen after NiceHash breach

[WYP]

NiceHash has stopped all operations for 24 hours to investigate the incident.



Read more on NiceHash's Bitcoin hack.

 

[The_Governour]

Well done to who ever got the loot.....

 

[Dark NighT]

70 million dollars... people put far to much value on something digitally made and inherently worthless imo.

 

[WYP]

70 million dollars... people put far to much value on something digitally made and inherently worthless imo.

The strange thing is that this kind of theft usually has a huge hit to Bitcoin's value. This time the Value of Bitcoin has only gone up, it's mad.

 

[Warchild]

70 million dollars... people put far to much value on something digitally made and inherently worthless imo.

I don't see bitcoin as a valid virtual currency anymore. Everyone is buying it just to sell for higher price at a later stage.

Its become a trading resource and gambling currency now. No one is interested in using the currency for what it was designed for.

In fact stores and vendors like Steam are dropping payment by Bitcoin because it is far too volatile now.

 

[Gothmoth]

70 million dollars... people put far to much value on something digitally made and inherently worthless imo.

all money today is fiat money.

there is no "backing" anymore.

all money has value because people believe it has.
the days when currencys are backed by gold or other metals are long gone.

 

[RobM]

The banks are dead against this kind of currency as once it replaces hard cash, which it will eventually, the banking and money institutes will no longer have overall control of the global economy.
Crypto coins are the future despite mainstream doing its best to tarnish it with declarations of criminals using it launder which they have been doing with real money for centuries anyhoo.

 

[Tolemac]

The banks are dead against this kind of currency as once it replaces hard cash, which it will eventually, the banking and money institutes will no longer have overall control of the global economy.
Crypto coins are the future despite mainstream doing its best to tarnish it with declarations of criminals using it launder which they have been doing with real money for centuries anyhoo.

They never had it anyway did they the UK is one of the biggest financial institutions on the earth. The rogue bankers totally mucked it up back in 2007

 

[RobM]

They never had it anyway did they the UK is one of the biggest financial institutions on the earth. The rogue bankers totally mucked it up back in 2007

The UK is not in control of the global economy and have not been for a long time.
Rothschild and Rockefeller etc are the big players, these big players just keep on adding numbers to numbers and printing more each day.

So we have a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.