The Bitfinex Bitcoin Hack: What We Know (And Don’t Know) – CoinDesk

More than $60m worth of bitcoin was stolen from one of the world’s largest digital currency exchanges yesterday, and nearly 24 hours later, the event is still shrouded in mystery.

What is clear, though, is that the impact is far-reaching.

The Bitfinex theft represents the largest loss of bitcoins by an exchange since Japan’s infamous Mt Gox lost 744,408 BTC in early 2014 (worth $350m), a breach that would ultimately cause it to cease operations.

via The Bitfinex Bitcoin Hack: What We Know (And Don’t Know) – CoinDesk

Yes, in fact, we libertarians don’t like being told what to do…

I’m not exactly sure why libertarians are hated so much. I hear so many strawman arguments about our position: the position that says that other people are not your property.

Take the photo, for example. “All cats are libertarians. Completely dependent on others but fully convinced of their own independence.” This is a strawman of our position, of course. Libertarians understand that we are all interdependent. No man is an island, so to speak, so we all must work together in the division of labor. The difference between the statist and the libertarian is that latter has no sense of entitlement to the labor of others, whereas the former demands it due to birthright. The “independence” that we desire is freedom from arbitrary rule.

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