Hey Steemers, How Not to Handle a Hack: Bitfinex Says it will "Socialize" Losses Amongst All Its Users...

in #bitcoin8 years ago (edited)

http://blog.bitfinex.com/uncategorized/update/

This is unmanageable, is there no accountability? 

One of the best comments on Bitfinex's blog post discusses if someone parked in a parking lot and a thief broke into their car and steals their CD player. Should the parking facility management have the right to force you to unlock your car and give up your CD player to the victim?

Luckily I can say I didn't lose any Bitcoins in the hack but this injustice is reminiscent of injustices that take place in the traditional banking/financial industry. This is exactly the type of behavior that Bitcoin was supposed to discourage.

Your thoughts and opinions are appreciated! I'd love to hear from people who were effected by this tragic incident.

Best,

OmnesOmni

Sort:  

@jeeves, could you show me some related posts please! 谢谢

@jeeves, thanks! Now you can go home!

Ju jeni te mirepritur! In case you don't know Albanian, that means You're Welcome!

thats why I would never use a service, were they are in control of the private keys.

Decentralization is the way to go. At least some wallets like BitGo offer insurance.

Congratulations @omnesomni! You have received a personal award!

Happy Birthday - 1 Year
Click on the badge to view your own Board of Honor on SteemitBoard.

For more information about this award, click here

By upvoting this notification, you can help all Steemit users. Learn how here!

Thanks for your good posts, I followed you!

Congratulations @omnesomni! You have received a personal award!

2 Years on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Semi Finals - Day 1


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @omnesomni! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.039
BTC 95566.16
ETH 3591.48
USDT 1.00
SBD 3.83