Who Is Dim Enough To Entertain This "currency"?

[ToraToraTora]

http://www.bbc.co.uk/news/technology-37009319
I work in IT and this is like storing valuables in a green house. Madness. These attacks will just kill it off. Who can trust this silliness now?

[mushroom25]

just wait for our government to follow this lead and "socialise" the debt currently being sustained by RBS......

[Old_Geezer]

If it's been stolen then surely it's been stolen from those who were storing it ? In which case surely their insurers are liable not those using the storage service. Unless the service is explicitly at the users' risk, in which case how come they have customers ?

[jourdain2]

I won't even do on-line banking - just don't trust it to be safe.

[youngmafbog]

Except TTT; a fool and his money are easily parted so it wont go away whilst people think they can make a quick buck.

Bitcom is also a very useful 'currency' for laundering.

If used correctly there is nothing wrong with online banking. Just dont use WiFi in a public place or do it on your mobile.

[EDDIE51]

jourdain On line banking is nothing to do with this 'virtual currency'.
If you follow the rules, on line banking is 100% safe. I do not see how in the modern world it is possible to manage without it. It is safer than ordinary banking.
I am with Barclays , to log in you need your bank card and a 'pin sentry' pad.
The pin sentry looks like a small pocket calculator.
You enter your card number on the on line banking site.

You then put the card in the pin sentry reader and enter your PIN.
The card reader then gives you an 8 digit code to enter on the bank online site.
Only when you have entered the 8 digit code can you access your account.
The code is different every time you log in, even if it is only a few seconds later. You can't get the code without actually having the card with you and putting it in the card reader.
Get a code wrong 3 times and the account locks you out until you go to the bank and get it unlocked.
Never had a hint of a problem in 10 years with 3 accounts.

[Gromit]

The Bank of England

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q302.pdf

[ludwig]

Unless you have bags of cash under the bed, all your money is 'virtual' anyway.

[rockyracoon]

I must be thick as I really don't understand how the hackers will realise the Bitcoin into cash. Or do they not?

[ToraToraTora]

bitcoins are a tradable currency rocky, all be it at a reduced exchange rate of late.