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

in #bitcoin • 8 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

8 years ago in #bitcoin by
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    • [-]
     8 years ago 

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

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    [-]
     8 years ago 
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    [-]
     8 years ago 

    @jeeves, thanks! Now you can go home!

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    3 votes
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    [-]
     8 years ago 

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

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    2 votes
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    [-]
     8 years ago 

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

    [-]
     8 years ago 

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

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    [-]
     7 years ago 

    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!

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       6 years ago 

      Thanks for your good posts, I followed you!

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         6 years ago 

        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:
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           5 years ago 

          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!
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