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by equalarrow 3110 days ago
No, this cannot be fixed.

Simply because these are decentralized assets/tokens/etc being corralled ina centralized manner. Square peg in round hole. Bank security is still not secure, regardless of what we think today.

The only viable solution to this is to go DEX (distributed exchange) only. You control to keys, wallet and swap directly with other peers. Bitshares and others facilitate this already and it’s only a matter of time before the tools get easier and enough exchanges get hacked that people wise up.

2 comments

> Bank security is still not secure

Nothing is secure, but in practice, consumer funds are much, much more secure in a bank than in a cryptowallet.

Banks are "secure" only because their transactions can be un-done (usually) in the event of fraud and mistakes.