er
7 years ago in #bitcoin by bitcoinflood (79)
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I think DeCoin said they would implement cold storage for their new exchange. 97% of the user's funds will be stored and can't be hacked.
Decentralized exchanges are also great. I'm seeing more and more decentralized exchange ICOs that will use the atomic swap in order to make P2P trades.
Even with the hack, it's great to see BTC holding over $6200. BTC is starting to look bullish ( :
very bullish it honestly didn't care to much about this hack nor should it 30 million is a drop in the bucket anymore however should still be treated very seriously.
Yes, you've really spread the awareness and not scare. In my opinion never keep money on exchanges and if you want to buy Crypto then buy from secure exchanges and move that Crypto to wallets instead of keeping on exchanges.
These hacks are really hurting and as you said the numbers are really high, but it's not new so understand the awareness and keep in wallets and there are very less chance for refunding of money if something happens.
Many people don't understand overall aspects and they blindly work in Crypto Sphere. In Crypto Sphere we are our own bank and Investment Manager so be vigilant and act accordingly.
Keep up this awareness spreading post and i hope that people can understand the risk of keeping funds on the exchanges and going forward they will act vigilantly and they can control their funds.
Wishing you an great day and stay blessed. 🙂
Unfortunately, this adds to the FUD given the potential additional scrutiny from regulators considering the size of Bithumb. This also slows adoption as more potential participants, particularly large ones, will wait for security and regulation to sort itself out before going directly into cryptocurrencies.
But it makes sense though why would anyone put 1 million dollars into an exchange if they risk losing it all to a hacker that seems to happen well rather often.
Very good post and very useful information!
You should always take care of your own safety, and not to shift this concern to others.
If you did something bad - you is to blame yourself!
I don't know why but i feel all cryptocurrency reach the end .