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RE: Why I'm investing in Steem

in #steem8 years ago

I'm worried that this hack will ruin all the fun. The first thing thousands of new visitors see is a big security announcement about a recent hack. When people lose money due to the 25% drop it will create uncertainty, distrust, anger, anxiety and an overall bad name for something that was just launched. Hopefully as a community we will be able to get past all the negativity and continue to grow.

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Bitcoin had Mount Gox. And in this instance no one lost anything since everything was fixed. If anything it will allow more user's to learn about the platform and allow it to grow.

You're right, and the fact that the Steem price has not absolutely cratered in the past few days is absolutely stunning. There have been some oddly well timed dumps on Bittrex that just happened to coincide perfectly with steemit.com getting taken offline... and Steem held its ground. I've been in the crypto space for years now and have never seen anything like this. The security issues were more like stress testing, and Steem passed with flying colors. So while you have a very good point, I would argue the outcome was actually positive. Lots of attention and a very, very resilient share price. Amazing!