[OT] - A hacker stole $31M of Ether — how it happened, and what it means for Ethereum

[Johnson Jones via Digitalmars-d]

On Friday, 4 August 2017 at 05:57:00 UTC, Nick B wrote:
> See - 
> https://medium.freecodecamp.org/a-hacker-stole-31m-of-ether-how-it-happened-and-what-it-means-for-ethereum-9e5dc29e33ce
>
> But can a digital wallets/crypto currency ever be secure  ?
>

Nope... as long as humans continue to build house of cards on 
quicksand this sort of stuff will always happen. You do realize 
it's all fake nonsense? If the only sort of currency that existed 
was what you could immediately do with your own body, then it 
would be impossible to ever steal anything(except for slavery, 
which is essentially still fake).

Basically this is how the story goes: Someone comes up with some 
scheme to gather resources from others. The scheme is complex and 
designed in such a way that only those that have created the 
scheme or invested enough time to understand the scheme benefit 
from all those that don't but were to stupid not to buy in to the 
scheme.

Eventually those at the top win. It's called a pyramid scheme and 
it exists in all forms of currency, employment, governments, even 
in most relationships, etc.

Only when all participants equally share complete responsibility 
can the scheme be fair... but that never happens, too much to 
gain when it becomes unbalanced... and the more unbalanced it 
becomes the more those that unbalance it get.

I wouldn't doubt that most of these people who create these 
currencies are the ones that ultimately are behind these thefts. 
After all, they are the ones that know most about it and why else 
would they spend their time developing it? For the benefit of 
human kind? Yeah right! What a joke!