Community post
The Bitcoin Bounty
One of the most impressive features about Bitcoin is its consistency. As of today Bitcoin has a market cap of 211 billion if gets hacked. It has been tried and tested for a decade now and yet it still produces a block every 10 minutes and has yet to be hacked. I think this goes unnoticed in regards to most centralized coins, in particular the infamous Libra coin. If this coin is expected to be worth north of $1 trillion that would be a huge bounty for hackers and in a centralized environment the odds of it getting hacked increases. The rollout of the Libra coin gives off the vibe that this project was rush as a response to the popularity of Bitcoin and cryptocurrencies if this is the case then that adds another layer of pressure on the security of this project. Can you imagine what the headlines would be if the Libra coin gets hacked? Thats the beauty of the decentralized nature of Bitcoin.
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yes that's right, there is always a gap for hackers to enter, but maybe the one who will hack is definitely in the coin exchange, most of the bitcoins that are also hacked are in exchange. It is not like that.