Well, DUH!!!
How many times do people have to lose their coins before learning that an exchange is NOT a secure wallet where you can get big rewards without high risk?!!?
PLEASE REMEMBER, Exchanges are big targets for hackers as they hold a large percentage of their coins in hot wallets unlike wallets where far more can be in cold storage.
Only leave on an exchange what you're looking to trade, withdraw and deposit for the big price fluctuations. Day trading won't make you super rich, it's not worth losing everything for!
The biggest threat for coins on an exchange is the owner of that exchange , not hackers.
I see. You have a point.
But in the long run i don't see the latter one disappearing or even getting smaller. Ever.
Every year millions of credit cards get compromised. This wont change with bitcoin.
As a quote from the video "You can not maintain security on a general purpose operating system."
Gavin if I remember was offering a bounty on whoever is managing to hack his wallet Go for it.