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Bitcoin overview: Bitcoin is hopelessly useless – Bruce Schneier, Harvard University

“In many ways, trusting technology is harder than trusting people” writes Fx Street for If your bitcoin wallet gets hacked, you lose all of your money.The expert emphasized that the safety and presumed trustlessness of the system are illusory. “If your bitcoin exchange gets hacked, you lose all of your money.Meanwhile, the technology researcher and professor of Harvard University Bruce Schneier said that Bitcoin is attractive only to a small group of people who need to move money around without being noticed by the governments.

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