What will be with the price of Steem in 2 days? How will the cyber attack change the reputation of Steemit? What will be done with Steem’s security?

in #investments8 years ago


What will be with the price of Steem in 2 days?
“Despite the attack I think that the price will decline. However the market cap will remain stable,” said Daniel Dabek.

Gavin Knight expressed his expectations:
“It will probably take a hit. If not now, soon. The token ownership is actually quite centralized. I would recommend if you're interest in Steem start by posting on the site and earning.”

How will the cyber attack change the reputation of Steemit?
“It's definitely not a good event regardless. Anytime someone is hacked there are consequences. I think rather than reputation this should be a realization that there may exists bugs, security workarounds or targeted user attacks that need to be addressed. If they can improve their user security, then it will benefit. They're actually lucky to be attacked this early in their project, it's a slap in the face and a call to think more diligently about security. I'm impressed by the team, but I think there should be more emphasis on cryptography and not simple user interface,” summarised the COO of CredibleFriends.com.
What will be done with Steem’s security?

CEO of Steemit Ned Scott announced:
“After conducting further analysis and following hack containment procedures, Steemit has been able to narrow the potential number of compromised accounts. We can now announce that in the past few hours, the Steemit team has been able to coordinate with elected witnesses to secure potentially compromised accounts with balances exceeding $100 US. As a result, we can ensure these accounts are restored to their rightful owners. This process has been completed.
Within the next 48 hours, Steemit will begin to allow all newly secured accounts to reset their passwords simply by logging in with the same Facebook or Reddit credentials that were used to register in the first place. This easy process will work for the vast majority of the potentially compromised accounts. All of these account holders will regain full access to their funds and their original account name.”
According to Ned Scott, if your user account was not created through Facebook or Reddit, Steemit asks that you contact their support team at [email protected] to be provided with an alternate solution. If you have any additional concerns about your account, please contact the support team as well.
He continues:
“The Bittrex team is completing analysis of our wallet. Once it has passed their rigorous compliance checks, they will reopen the wallet for deposits and withdrawals.

To all Steemit users: if you have not done so already, please reset your account passwords. We ask this to ensure that everyone's account is secure. Remember that each account has 3 keys: an Owner Key, an Active Key, and a Posting Key. We recommend following best security practices by choosing unique passwords for each of these keys. This will allow you to safely use steemit.com with your Posting password."

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The price will fall, so always after the withdrawal of the exchange takes place. But she then stabilized and may begin to grow.

Steem is going to be volatile for a while, but on the whole trending up. The growth potential is so massive. The voltage so high. Crypto has never been so primed for a pump like this if it realizes its potential.

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