Re: Binance lost $40.7 million to hackers, which exchange is next!!!
I want to see a new tweet by Binance Ceo about the new way of security. We all know the types of securing information: Something you have(Fingerprint). Something you know(Password). Something you are(Face scanner). Let the Ceo think twice. Hacking news makes me feel bad.
You should not always follow his advice....
Who controls the button? EVERYONE
Well with decentralized voting, the only corrupt people can be the majority.
I know there is more good people on this planet than bad, I have faith in my numbers, not all my numbers but the majority of them.
What if the hacker steals so much funds that they have the majority vote ? (That actually happened with one coin exploit)
Also not everyone like revealing their identity. Dodgy KYC is used to harvest identification documents and photos that are then used in identity theft.
If the users are anonymous then they can create an infinite number of sockpuppets to vote with. Perhaps controlled by a bot.