Hacker News Reader

This incident was a bank robbery. Cash has the same problem.

It's not like the thief subverted a flaw in bitcoin security. He ruined a crappy centralized service built on top of a decentralized system.

Except banks are FDIC insured.

More like a bank designed with an overly weak vault, because nobody at the bank spent a lot of time designing a very secure vault.

Which means the currency the bank housed has a "not real" market, obviously. That's the "logical" conclusion, right?