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NZ Stock Exchange Cyber-attack (General)

by dan @, Friday, August 28, 2020, 19:24 (91 days ago) @ dulan drift

And this indirectly demonstrates how solid Bitcoin and other major cryptocurrencies are. The NZ market is $135 billion. The Bitcoin market alone is worth over $210 Billion, with the Ethereum capitalization at nearly $45 billion. So this demonstrates that the stock markets are an easier target than major crypto blockchains. (Crap blockchains not included.)

Nobody, ever, has penetrated the Bitcoin blockchain. Ever. Even when it was worth $400 billion or whatever. When you read about Bitcoin getting stolen, it's from exchanges, not directly. It gets stolen from people who aren't protecting it. But the system itself, so far, has proven impenetrable. I mean, there's over $200 billion sitting there. Nobody can take it. The group that chose to target the NZ Exchange chose it over Bitcoin. And they would choose the NYSE over Bitcoin.

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