RE: Steem's ecosystem needs to take the lesson of Bitfinex to heart. Bittrex and Poloniex NEED cold wallets!

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Steem's ecosystem needs to take the lesson of Bitfinex to heart. Bittrex and Poloniex NEED cold wallets!

in security •  8 years ago 

Amazing I posted a story about this yesterday and got nothing, but now I see a post saying the same thing I did and it has tons of Votes. WTH

https://steemit.com/steemit/@greatone/proposal-steemit-vault-safeguard-your-investments

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  ·  8 years ago (edited)

There are a lot of variables to a post being successful. People who have a larger following will have their posts get noticed sooner. The time you post, who is online/reading at that time, how attention grabbing it is, how well written, etc. all play a factor too. Try not to let it discourage you. Building a following takes time, but if you consistently keep posting good content - people will start to notice.

  ·  8 years ago (edited)

It's actually not the same at all. What you are proposing sounds similar to what Dan said they're implementing. I want to see Bittrex, Poloniex, and any other exchange use one or more accounts (with different active keys) as cold storage, significantly reducing the risk of a large amount of liquid STEEM or SD from being stolen.

As it stands, if someone were to get the active or owner keys of either of these accounts they could instantly send the liquid assets to another Steem account. We know their active keys are "hot" because both are sending withdraws from the account.