Why Steemit did not become The DAO 2

The blockchain social media Steemit was hacked on 14 July. Its cryptocurrency, however, rallies reaching one of its highest levels just after the attack. CoinFox tries to figure out, why.

As the publishing platform is gaining popularity beyond the borders of the crypto community, STEEM, the cryptocurrency it uses, has reached third place after BTC and ETH in terms of market capitalisation. At the press time, it is trading at $3.80 on Bittrex, having reached its highest level on 20 July, leaving behind the pre-attack peak of 13 July. Moreover, according to steemle.com, the highest number of accounts created in one day was recorded on 13 July with 2790 new signups. The hack led to a rapid decrease in new registrations, but even so, on 19 July, 1353 new users started “steeming”. 

In sum, even though a week ago around 260 accounts were compromised and nearly $85,000 worth of Steem Dollars and STEEM stolen, today both STEEM and Steemit are doing great. In what follows, we are trying to sort out the how's and why's of the most notable July hack. 

You can red more here:
http://www.coinfox.info/news/reviews/5987-why-steemit-did-not-become-the-dao-2