Bitcoin Exchange Hacked - Steemit Users Not Affected
I heard Bitfinex lost about $72,000,000 worth of BTC today, so I head over to CMC...
As a Mt. Gox creditor I sympathize deeply with the Bitfinex account holders; as a long-time Bitcoin investor I've been on this ride a few times. But as a Steemian it feels so good to just... Steem On!
;D
On a more serious note, the significance of STEEM being decoupled from the top 20 crypto-assets cannot be understated. It shows the crypto-lords that control the vast majority of crypto-wealth have not yet been able to acquire a substantial stake in STEEM. I've been in crypto since the early days and can tell you crypto markets are far more centralized and manipulated than the fiat markets, which are themselves a complete sham.
Only time will tell whether Steemit remains resistant to market manipulation. But from where I'm standing it looks like the devs have nailed it and Steem Power is working as designed. Just another little win to add to the growing list of reasons why Steemit is going to be a game changer.
#steemit #bitcoin #money #investment #bitfinex
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