You're confusing several things there. Bitcoin the protocol and rails the framework are not the same thing. Bitcoin was never compromised, rails was, and if these devs would have done their work and patched their servers they'd have been fine.
That's exactly what I'm talking about. I know the difference.
You are trusting your money with someone who can't even make simple critical updates to an app.
Furthermore: unless some established institution wants to work with bitcoin.. like a bank, then youre leaving your money up to the hands of some individual developers who, as made apparent by this post, dont really have their shit together.
I could be wrong, there could be some massively secured bitcoin bank somewhere with a large team of security experts, insurance, etc... but based on the fact that most bitcoin banks i see use an unstyled bootstrap theme I can't imagine they really know what theyre doing.
cliffnotes: I have yet to see a bitcoin bank website that doesnt look amateur as hell. I bet money that whatever bitcoin bank was hacked had all kinds of pages on it about "how we have a full team of security advisors making sure your money is safe!" yeah right.
bitcoin itself is cool, the mediums used to store your money are what I'm not trusting.
