Another day, another hack.

This is starting to feel like a bad episode of The Twilight Zone. It seems like every month there is another major robbery in the crypto world. Currently this event is being considered the largest theft of Bitcoin since the Mt. Gox crash. Quite frankly this event, whether we like it or not, will be setting back Bitcoin for quite some time. As I read comments and scroll through forums, people are more skeptical now and fear has already settled in therefore creating a major blow. But wait, let us be skeptical human beings here and ask a few questions shall we?

Who is really the hidden hand behind all of these major “hacks” in recent months?

It’s happened to every major player in crypto recently including The DAO, Steemit and now Bitfinex again. With all of the required security measures these exchanges implement on the customer side there is always a breach on their end and this is starting to look troubling and quite frankly very weird. Is it possible that all of these events are by design or is it truly a genius hacker/s who just so happens to be good enough to bypass all types of security protocols. The DAO attack has been questioned numerous times of the culprit as being someone on the inside. I won't get into the Steemit hack but let's just say that they made themselves look very good and trustworthy, a business 101 power move. And Bitfinex, we will see.

Is this really a hacker or group of hackers creating all this carnage?

I’m not one to create a bunch of FUD but it seems to me like there are higher powers at work here. I could be 100% wrong so please don’t bash me if you disagree but we are all humans here and humans do human things. There are “people” behind the scenes whether we like to accept this fact or not. Behind every cryptocurrency that we are in love with there are the early of the early adopters or creators who truly have all the power and really know the ins and outs. This is a reality. The big money movers will do whatever they can to get what they want and this is a proven fact inside and outside of the crypto world. As to whether or not they are truly decentralized will be left for you to answer.

Should you trust what the news outlets report to you?

I’ve learned a long time ago to believe completely is to be completely fooled especially when it comes to a majority of the news outlets. Whether this event is tied specifically to a hacker or hackers as they are reporting to us is for you to decide. I will choose to keep sifting through the various reportings as the days go on and come to my own conclusion on this matter but one thing is for certain, there is something fishy going on out there. Let’s just hope that Bitcoin can bounce back and recover from this fiasco as soon as possible.

I am a believer in Bitcoin of course and always will be but all I’m doing here is asking questions. Please comment below if you think I am completely off my rocker here or if maybe I bring a valid discussion to the table.

Best wishes out there, Peace.