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RE: Bitfinex, Blockchain Hacks, and Replay Attacks Oh My - All Things that Steem’s Technology is designed to prevent. by nphacker

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· @nphacker · (edited)
$0.04
I think this is a problem inherent to exchanges containing a central authority in general. This is why I am a proponent of experiments such as [bitsquare](https://bitsquare.io/) which try to provide a secure solution in which users can exchange currencies without worrying about a Mt.Gox or Bitfinex situation. 

I definitely agree with your statement that if Bitcoin and Ethereum implemented the features that Steemit has put into place, but having an exchange be decentralized itself would also be a huge step in preventing hacks. If there was a feature on steemit.com that allowed users to convert STEEM to bitcoin securely that would be awesome, and since everything is open source there is nothing stopping developers from creating a secure STEEM exchange that is decentralized as well. :)
~ Np
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