Centralized Exchanges Have Been Very Harmful ... OpenLedger to the Rescue!
crypto-news·@kurtbeil·
0.000 HBDCentralized Exchanges Have Been Very Harmful ... OpenLedger to the Rescue!
<center>https://cdn1.vox-cdn.com/thumbor/KwEpJTru9A1Cf5i2ug9E9FuhDo4=/0x35:1020x715/1025x683/cdn0.vox-cdn.com/assets/3743001/bitcoin.png</center> As everyone has heard by now, all who pay attention to such things - another exchange has been hacked - or rather, another exchange has been hacked, *again*, its fate currently indeterminable. Strangely, the same thing occurred at <a href="https://www.bitfinex.com/">Bitfinex</a> earlier this year when Bitcoin was on the verge of the reward-halving back in June of this year. Nothing makes an investor/speculator lose confidence faster than not knowing if they will ever see their investment again. The crypto-world has seen this time and again, the worst of which was <a href="https://en.wikipedia.org/wiki/Mt._Gox">Mt. Gox</a>, which almost ended the revolution before it began. We have seen it again with <a href="http://www.coindesk.com/cryptsy-collapse-ceo-mansion-whereabouts-unknown/">Cryptsy</a> when $5 MILLION dollars of customer funds were "lost" due supposedly to hackers. Oh, but the list of exchanges, and other related-crypto-currency services, does not end there ... (source: The Guardian's <a href="https://www.theguardian.com/technology/2014/mar/18/history-of-bitcoin-hacks-alternative-currency">List of Bitcoin Hacks</a> Allinvain Bitcoin Savings and Trust Bitcoinica BitFloor Inputs.io BIPS Shapeshift Picostocks Cointerra Bitstamp Flexcoin, Poloniex, Bitcurex & Canadian Bitcoins <h2> What is the Solution!?</h2> ... De-centralization of Course! <center>http://cryptocurrencymagazine.com/ccm1/wp-content/uploads/2016/04/openledger.jpg</center> After reading the post <a href="https://steemit.com/steem/@bitspace/bridging-the-gap-with-steem">Bridging the Gap with STEEM</a> from @clains and @spectral , my eyes were made WIDE OPEN! p.s. @clains and his org is an amazement .. to have contributed so much at such a young age, is really super-cool! <h1>Enter OpenLedger!</h1> I fired up <a href="https://bitshares.openledger.info/">OpenLedger</a> immediately .. bought some Bitshares, moved them in seamlessly, and began to mess around. This truly is the answer to the above problem, and the key to building real confidence in crypto. Our entire message is based upon decentralization, why should not our exchanges and trading platforms be made of the same stuff!? It is truly exciting to see how smooth, fast, and versatile this plaform is .. I will strive to do all my exchanges on it from now on. Thank you Bitshares ... bitSpace .. and STEEM! This is the future! .
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