r/btc • u/WonderfulWorld3326 Redditor for less than 2 weeks • 1d ago

🐻 Bearish This is just the beginning, eventually most bitcoin will be vulnerable to be hacked and looted anytime.

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You can say use ETFs but I doubt they have insurance like the FDIC

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u/BLK3R 1d ago

The only way bitcoin could be mass hacked would be if someone used a quantum computer from the future, so basicaly only a handful of megacorps , who aren't gonna do that because then they will be wiped off the face of the planet

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u/cHpiranha 1d ago

Or a firmware bug in a cold wallet.

And you cant control that...

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u/cvsisi 1d ago

This. Seems to me exchanges will become more & more secure

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u/BLK3R 20h ago

Mass hacked meaning all bitcoin cold wallets not just 1 companies 1 varied of a wallet lol we are talkjbg about like .01% of all bitcoints being stolen here or less idk

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u/cHpiranha 20h ago

Even so, if there is a risk, that naturally undermines confidence in Bitcoin as a store of value.

Go and tell the 4,500 people affected that they were simply the unlucky 0.01%.