QuadrigaCX apparently lost 67,000 ETH which in current value is approximately $15,000,000
The issue is ETH script does not have an integrated bug fix in it which makes executed contracts irreversible without compromising the entire blockchain itself and subsequently creating a hard fork.
EOS on the other hand can overcome this because the block holders can vote to update code, without having to resort to a hard fork. This is what I call Representative Democracy.
@roshania Cryptocurrencies will save the world, mark my words
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Blockchain will save the world.
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By making us all more happier I hope
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But before that happens, there will be some fussing and fighting...
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Agree with this
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Don't know about saving the world but it'll make us wealthier. Of this I have no doubt.
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Their votes are worth 15 mill literally.
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I hear you
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I like Quadriga - but I wont hold anything there long term after this nonsense :|
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For a rule I don't leave funds in an exchange. Glad to pay minor fees for exchange to wallet transactions but leaving them in an exchange? No
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They offer the easiest BTC to CAD solution out there - so thats pretty much what they are good for at this point..
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It I hope you secure your funds at the end of the day
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Hey, is there a possibility that wallets can lose as well?
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To my understanding if the entire ecosystem (wallet provider included) run on EOS, then there are ways to secure wallet transactions as well.
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great info. thx
Upvoted & followed
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Thanks. Following you now.
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ETH is the Windows of Crypto. BTS is the Apple of crypto. Not sure what that makes EOS though....
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OS X.
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Well played.
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👍🏻
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EOS : The new internet
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wait someone lost fifteen million dollars worth of ethereum due to an ethereum bug so its just gone? it wasnt lost TO anyone its just lost now due to a bug?
yeah these things are rare butthey make crypto look bad, really not fair to crypto, its like the prodigal son
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The exchange is assuming the risk as they are honoring their client accounts. That's what I learnt.
I also think that because crypto world is rather small now and everything is sent by a string of numbers, it will evolve to a more shorter but encrypted type of address.
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