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<p>[QUOTE="Blaubart, post: 1684046, member: 37498"]Wow! Nice link there Juan. From that link, I added up all the losses and came up with about $112 million. Based on the number of bitcoins stolen and the number of bitcoins currently in circulation, I figure a <i>minimum</i> of 5% of bitcoins have been stolen in the past two years. That percentage is actually a lot higher because there weren't as many bitcoins in circulation two years ago as there are today.</p><p><br /></p><p>When you consider that the people who lost their Bitcoins in those incidents have ZERO recourse to recover their assets, I think they might disagree with you on how "safe" bitcoins are.</p><p><br /></p><p>ETA: "20 thefts" sounds minimal. But $112 million of a total of what is now $2 billion in total assets, that's a different story. If all the dollars currently deposited in various financial institutions in the US had 5% of their deposits stolen, that would be about $2.5 trillion. Nobody except the government can steal that much money.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1684046, member: 37498"]Wow! Nice link there Juan. From that link, I added up all the losses and came up with about $112 million. Based on the number of bitcoins stolen and the number of bitcoins currently in circulation, I figure a [I]minimum[/I] of 5% of bitcoins have been stolen in the past two years. That percentage is actually a lot higher because there weren't as many bitcoins in circulation two years ago as there are today. When you consider that the people who lost their Bitcoins in those incidents have ZERO recourse to recover their assets, I think they might disagree with you on how "safe" bitcoins are. ETA: "20 thefts" sounds minimal. But $112 million of a total of what is now $2 billion in total assets, that's a different story. If all the dollars currently deposited in various financial institutions in the US had 5% of their deposits stolen, that would be about $2.5 trillion. Nobody except the government can steal that much money.[/QUOTE]
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