The Verge has a recent article that could send shivers down the spine of anyone who invests in digital currency. An online storage site for cryptocurrency was attacked by a hacker, and over $1 million worth of Bitcoins were stolen. An ominous headline accompanying the article reads, “Users Very Unlikely to Ever See Their Money Again.” This isn't the first time something like this has happened, and—let's be realistic—it's not likely to be the last. We aren't telling you this as an attempt to sound a death knell for cryptocurrency in general, but we are holding it up as an example that electronic financial tools are vulnerable if they aren't adequately protected. Two aspects of cryptocurrency that are pushed by its advocates to potential investors can also make it more susceptible to hacking, as recently discussed in Bitcoin Magazine . 1. It's not linked or connected to any bank or government—which also makes it devoid of protection. As of yet, there's ...
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