Hacker News Reader

Bitcoin doesn't solve counterfeiting, it just moves the goalpost from printing to hacking.

Bitcoin has cryptographic assurances against counterfeiting. Stealing money is still a problem.

You can hijack the entire currency with enough processing. Very hard? Yes. Still counts as counterfeiting.

Show me one example of the Bitcoin protocol being hacked.

The hacking you speak of is more akin to bank robbery.