$1.2M Heist Doesn't Bode Well For Bitcoins as Secure Currency

There have been more than 30 Bitcoin heists since 2011 including a recent raid of online wallet Inputs.io. What does this mean for the future of Bitcoins as a mainstream currency?

One of the biggest concerns with Bitcoins of late has been the insecurity and raiding of online wallets. According to a list in BitcoinTalks Forum, there have been more than 30 Bitcoin heists of varying levels of severity since 2011.

Most recently, was a robbery of the online wallet Inputs.io, totaling a whopping $1.2M. Inputs.io founder, who goes by the handle TradeFortress, said on a BitcoinTalks Forum, “I do not recommend storing any Bitcoins accessible to computers connected to the internet.”

That’s pretty alarming since Bitcoins are digital currency.

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