Bitstamp's recent hacking woes suggest that security in the bitcoin world seems to be getting worse, rather than better. Whether it's down to external attacks, or internal irregularities as alleged at Mt Gox, it's clear that something has to change.
When bitcoin wallet Blockchain experienced its own security problems in December, decentralised cryptography expert Emin Gün Sirer noted that the standard security practices among technology companies would not stand up in the bitcoin world.
Too much was at stake, he said. Social media companies may hold pictures of your pets, but your bitcoin account holds something more valuable. It seems reasonable that the cryptocurrency world should be held to a higher level of account than, say, Twitter (although a hacked Twitter account can still have pretty devastating results).
via CoinDesk http://ift.tt/1B8lla3
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