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Survival of the fittest; Can hacks strengthen the Crypto Industry?

1 pointsby theweb1almost 7 years ago

1 comment

TwitchVCalmost 7 years ago
I think this is an important point which directly impacts the expansion of the blockchain industry. Consumer and Enterprise touchpoints are mostly through exchanges and wallets.<p>Now while the blockchain itself is secure by default, the exchanges and wallets have routinely displayed vulnerabilities. Even though this should not malign blockchain as a technology, it does it anyway because these wallets and exchanges are the main customer touchpoints.<p>For example, if an Uber driver is rude and mean and a terrible driver, you are more likely to have negative feelings about Uber because the driver is one of your main touchpoints with the company.<p>Tldr; Wallets and exchanges need to drastically improve security because they are the main consumer touchpoint, for the crypto industry to improve credibility and adoption.