Friday, November 8, 2013

Wired: £745,000 hack shows why you should never store bitcoins on the internet


Here's your digital-currency lesson of the day, courtesy of a guy who calls himself TradeFortress: "I don't recommend storing any bitcoins accessible on computers connected to the internet."

That may sound like a paradox. Bitcoin is the world's most popular digital currency, and it's controlled by a vast collection of computers spread across the internet. But TradeFortress knows what he's talking about. He's the founder of a inputs.io, a company that used to store bitcoins in digital wallets for people across the globe. The site was just hacked, with the bandits making off with more than a million dollars' worth of bitcoins.

By: Robert McMillan,

Continue reading.... Read more at Wired »

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