This is a terrible article showing the lack of understanding of not only emerging tech, but the idea itself. Bitcoin emerges as a new technology offering huge potential, maybe not as a currency alone, but as a means of transporting and storing data. It operates as a functional running database, not in the "cloud" per se, but in the "Galaxy" multi-hosted and de-centralized. The technology offers more than currency.
Any "Bitcoin Insider" knows this didn't occur because of a vulnerability, other than you are always vulnerable if you let someone hold your wallet, digital or real. Uh, yeah.
The software at Mt. Gox had an issue, otherwise everyone would have problems. What this really comes down to is a lack of knowledge of how to handle this new technology. Why would you keep Bitcoin on some exchanges' servers? You can easily move it to a flash drive and put it in your safe, or at least a safe place.
At least with a public "data set", corruption appears to be weeded out sooner. If anything, it shows the sheer power of the public Bitcoin Network. It took a fraction of the time/money for customers to understand that something was wrong. Corruption occurs everywhere, topping the charts with the USD.
Oh, I have an idea... Let's just use a closed system. That way, any Bernie Madoff can steal $18 Billion dollars over 48 years without anyone finding out until its a REAL BIG DEAL!
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