News coming out of japan is saying that appoximatekg $ 500 million dollars of of NEM has been stolen . In my post last year I speak about the safety of wallets .
I want to also point out that millions of traders have abandoned trading because it’s safer and perhaps cheaper to buy futures options from Futures trading in Chicago . Why would you risk holding coins online and In offline wallets when you can lose everything .
Fact remains that these really taints the eco system with a bad name and further diminishes the credibility of the crypto world .
Something must be done , or 2018 will be a a very bad year for Cryptos . It’s alreadt had a very bad start . Take a look at every Blockchain site , and they promise the same thing in NEMs example this “
NEM’s blockchain platform was designed and coded from the ground up for scale and speed. NEM’s permissioned private blockchain delivers industry-leading transaction rates for internal ledgers. And its revolutionary consensus mechanism and the Supernode program ensure that NEM’s open, public blockchain can grow without ever compromising throughput or stability.”
When I look at promises such as these on BC websites my only thought comes to , why can’t they use their own “ awesome technology “ to provide safe wallets . The answer lies in this “
it’s Bullshit “ , a large number of Cryptos are nothing more than garbage “. They are committed to line up their own pockets “.
If the Crypto community wants change global finance , it better make rapid changes otherwise it’s going to see a rapid decline.