This is true, they should be using better security standards. However, Steem has shown that it's antifragile - hacks can be reverted. This makes me feel safer with steem than other cryptocurrencies.
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This is true, they should be using better security standards. However, Steem has shown that it's antifragile - hacks can be reverted. This makes me feel safer with steem than other cryptocurrencies.
Be careful what you wish for - ask Ethereum, although @dantheman had a great post about this. I am not opposed to hard-forks to recover stolen funds, it just opens a can of worms that without proper vetting, can be disastrous. If I read this post correctly, there is still a shoe to drop on the ETC/ETH problem at Coinbase:
https://steemit.com/steem/@dantheman/bitfinex-blockchain-hacks-and-replay-attacks-oh-my-all-things-that-steem-s-technology-is-designed-to-prevent