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Author Topic: Are CoinBase, Kraken, and Poloniex Doomed to Fail?  (Read 1664 times)
Bit1334271
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September 20, 2016, 11:48:46 PM
 #21

They are not necessarily going to fail or steal our money, but there's also no guarantee that they won't. I lost money in cryptsy and probably won't ever see any of it again. Just be prepared for the worst on any exchange.
Cryptsy is very big shock for me also because as Mintpal gone I put all coins in this exchange and they run away very quickly as I have no time to recover this just because of this now I am keeping all coins in my own wallet not in any exchange they are not safe any way
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September 20, 2016, 11:58:28 PM
 #22

~snip~
He is not comparing small exchanger companies to big excahnger companies, he just being scared about after what happened on bitfinex, he has a thought in his mind that saying "what if this happen again?" this wont stop people by using ecchangers but highly secured system is necessary.

Nah. I get we are all scared about the bitfinex thing happening again and that more security measures should be taken to prevent this, but did you even read the article (advertising)? It was ok at the start, that was his opinion, but towards the end when I read the part
Quote
Please come to Lykke.com to learn more about this amazing project. It could be that Lykke, a little company with fewer than 20 employees today, will rise to replace the big exchanges we all know but shouldn’t trust.
Quote
In this series, I’ll be exploring other aspects of the Lykke exchange and why it’s so important to humanity. Come learn about Lykke — the exchange built for the decentralized web of value.
Isn't he just basically alarming people and exploiting the bitfinex hack to advertise his site? Yes, the hacking could happen and it's no fun. But if people want to get trust they should do so by proving themselves or their service and not just rely on throwing mud to the competition.


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September 20, 2016, 11:58:56 PM
 #23

They are not necessarily going to fail or steal our money, but there's also no guarantee that they won't. I lost money in cryptsy and probably won't ever see any of it again. Just be prepared for the worst on any exchange.
Cryptsy is very big shock for me also because as Mintpal gone I put all coins in this exchange and they run away very quickly as I have no time to recover this just because of this now I am keeping all coins in my own wallet not in any exchange they are not safe any way

That is good just like we choosing our wallet that is safe and can secure our coins, use excharger when you want to exchange your coins from one another and move them on its designated wallet if you can pay fees, although paying fees is too much but it is better when you are confident your coins are in safe place.
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