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RE: What Happens To the Adoption Curve When People Are Forced?

in Informationwar2 years ago

Remember, the problem with Bitcoin or cryptocurrency adoption is the EXCHANGES!

When FTX collapsed, as did cryptsy, as did...I had coin in every single one! Mt. Gox...

It never is a problem with Bitcoin itself but a problem with the backend transfer in the exchange. That's where hackers hit and it is always an inside job!

Steemit did not fail - poloniex's backend crushed Steemit when the wallet went down for months. Dan the man and crew fixed it but it was too late. Now Steemit and Steem is invulnerable. I just watched, "The House with the Clock in the Walls(again)- Indomitable!

Bitcoin is too! But those pesky backends!

They will tell you in the news the exchange owners and CEO's are to blame but in a fews seconds there was a hacker hatchet job - no different than when Russian workers at SAP in New York City stole $610 millions in people's capital in a few seconds.

Nevertheless, I think or at least hope that secure computers will be made again soon. That will solve the problems.