Is there any reason to believe any part of that statement without further details?
That, plus I know as a programmer I like to think I'm disciplined enough to be a secure programmer until my software is audited or pentested. Then I realize how naive I really am.
Like I said, I'm not trusting any exchanges until I start seeing rigorous security measures (more than "security is our #1 priority" bullshit) in the form of audits, pentesting, and etc...
That said I also know very few people that actually use their personal BTC wallets and encrypt it with GPG + a two factor challenge (to avoid the possibility of key loggers).
*does not apply to day traders
definitely! Everyone saying "im secure" must also say "the X will prove it"
The difference I see is that using Visa and MasterCard do not require me to believe they are the smartest people in the room. All I have to believe is that when someone else uses my account they will try to detect it, correct it and keep me whole - which they have done several times.
The system works because it does not need to prevent all fraud. Maybe ButterCoin has solved that problem but YC and Google's investments are not evidence one way or the other.