Bitcoin has never been hacked.

The victims did not practice proper key management. The victims got hacked because of their own insecure key management, not because of any vulnerability in Bitcoin.

To claim otherwise is like claiming that because people can steal improperly secured code signing or TLS certificate private keys, all code signing and TLS certificates are inherently, fundamentally, and automatically broken, which is really just a fundamental misunderstanding of cryptography 101.

You know what every other online money transfer mechanism has? An ability to reverse transactions in the case or error or fraud. Because those things happen all of the time.

Those mechanisms will abuse that power if pressured to do so. Which alternative is best depends on your threat model.

I heard that there some block chain rollback thing that may be possible. I'm with ya. I don't put my money into high risk digital collectibles.

That kind of reversible payment rail can be implemented on top of a base layer like Bitcoin. Like the current banking system, with it's underlying final clearance network between banks.

Worldwide final clearance is a feature not a bug.

...in part because transactions can be reversed. The flip-side is that sellers get ripped off often by these reversals.

And also that it gets used as censorship. Paypal did it to Wikileaks.

Not true.

"On August 15, 2010, an anonymous hacker exploited a critical vulnerability in Bitcoin, allowing them to generate 184.467 billion Bitcoin."

Has the dollar been hacked?

Yes. Printing money.

“Store of value”

To the moon.

Still grateful HN has enough crypto rationalists to push back on pyramid scheme noise.

Crypto could be useful — let’s build crypto apps with customer value.

Right now the customers are morally ambiguous nation states and criminals laundering money into real estate and back into fiat currency. Hold the bag.

Right, and its working perfectly for the current bearers of that crypto

The PvP nature is continual demand