Post
Topic
Board Altcoin Discussion
Re: Steemit how can this retarded shit be workable long term?
by
iamnotback
on 16/07/2016, 18:33:07 UTC
Second hack may be underway:

it looks quite serious someone have found a way to add ilimited steems to the post, look the video (i can not confirm if this is real or fake)

https://www.reddit.com/r/btc/comments/4t4c2l/giving_unlimited_amount_of_steem_to_users_without/

Hopefully the same hacker who drained the DAO is going to put an end to this Streemit retarded shit as well.

May only be a GUI/frontend bug:

looks like you don't need to know much to become a r/btc mod LOL (it's just a GUI bug, he did not check if it's real on the blockchain)

https://twitter.com/btsfav/status/754381407263289345

Bitshares dude claims maintenance is due to hacker stealing more funds, so there is a second hack:

some accounts did not change their passwords, besides the billion warnings posted all day. the hacker cleaned those leftovers today.
steemit.com is now in maintenance mode

Don't you love this corporate run block chain shit.

Why are the fucking passwords (and private keys for signing transactions) stored any where except on the user's private wallet on the user's computer. Probably because they wanted the system to be easy to login from any computer the user might change to. So probably they have a process where you can take control of your private key if you are sophisticated enough. But this is what happens when you make a way for users to earn and hold $1000s and give them a default private key mgmt that stores it on the corporate server. Another reason that their retarded quadratic skewing of payouts in order to make all users jealous and irrational, has another bad effect that it weakens security.