It's really unfortunate what happened on the site. I just don't think it's a good idea to store important things in such centralized setups. It's too risky.
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People should be careful how they view the hack on Twitter. If such an important social media is well decentralized, the hack won't be happening at this scale. I mean, how can such important personalities have their private stuff and password not controlled by themselves? Hacks like this could be frequent occurrence on centralized system anywhere in the world. It's just that some site owners/nations are more transparent/open about them than others.
Well decentralized systems remain the best way to make things safe and secure. Companies, businesses, organizations etc should be seriously considering moving to "well decentralized" systems. True crypto world and crypto users are seriously moving towards that direction. That is basically what Bitcoin is about. It's also moving towards that direction... it isn't there yet.
It's really unfortunate that Bitcoin and crypto get involved in this. I don't think true Bitcoin/crypto fan would do such thing if they understand the wrong impression it will create about Bitcoin/crypto. It's something people that are "anti-bitcoin good principles" would do...,. The network is made of good community/communities that believe in the principles guaranteed by any "Just Country" on Earth . Principles like, transparency, decentralization, security, immutablity, censorship resistant, community consensus, good rules, privacy, freedom to control our money/assets, etc. Which Just Country on earth does not guarantee those principles to law abiding people?
Becareful not to ever let go these important rights. Don't hand them over to centralized systems.
If they could convince you that things like Bitcoin or other decentralized tech that run via community consensus (more like true democracy) are full of criminals, they can get you to handover control to dictatorships (centralized powers).
Hopefully, with the way the communities are currently developing, we should be able to prevent bitcoins from going into proven crime/criminal addresses via laid down rules/consensus. It should be possible to gain acess to just the private keys of the criminals' addresses and recover the crime funds(this should be done via consensus). We can't leave the rest of the community vulnerable because of few criminals. We always have the problem of "few criminals making everybody look bad" situation in every country, right?
So let's keep improving Bitcoin and others, to help them/us achieve the goals of true decentralization.
Well decentralized systems remain the best way to make things safe and secure. Companies, businesses, organizations etc should be seriously considering moving to "well decentralized" systems. True crypto world and crypto users are seriously moving towards that direction. That is basically what Bitcoin is about. It's also moving towards that direction... it isn't there yet.
It's really unfortunate that Bitcoin and crypto get involved in this. I don't think true Bitcoin/crypto fan would do such thing if they understand the wrong impression it will create about Bitcoin/crypto. It's something people that are "anti-bitcoin good principles" would do...,. The network is made of good community/communities that believe in the principles guaranteed by any "Just Country" on Earth . Principles like, transparency, decentralization, security, immutablity, censorship resistant, community consensus, good rules, privacy, freedom to control our money/assets, etc. Which Just Country on earth does not guarantee those principles to law abiding people?
Becareful not to ever let go these important rights. Don't hand them over to centralized systems.
If they could convince you that things like Bitcoin or other decentralized tech that run via community consensus (more like true democracy) are full of criminals, they can get you to handover control to dictatorships (centralized powers).
Hopefully, with the way the communities are currently developing, we should be able to prevent bitcoins from going into proven crime/criminal addresses via laid down rules/consensus. It should be possible to gain acess to just the private keys of the criminals' addresses and recover the crime funds(this should be done via consensus). We can't leave the rest of the community vulnerable because of few criminals. We always have the problem of "few criminals making everybody look bad" situation in every country, right?
So let's keep improving Bitcoin and others, to help them/us achieve the goals of true decentralization.