shiguangtong87

@shiguangtong

15 Following

6 Followers

shiguangtong87 pfp

Good morning ！！ Hope Thursday happily!!

0 reply

0 recast

1 reaction

shiguangtong87 pfp

good morning ！！ Hope Thursday happily!!

1 reply

1 recast

3 reactions

shiguangtong87 pfp

Good afternoon ！！ it will be weekend, we can go to travel and take photo!! /itookaphoto

0 reply

1 recast

2 reactions

shiguangtong87 pfp

Good afternoon ！！ it will be weekend, we can go to travel and take photo!! /itookaphoto

0 reply

1 recast

2 reactions

shiguangtong87 pfp

Good afternoon ！！ it will be weekend, we can go to travel and take photo!! /itookaphoto

0 reply

1 recast

2 reactions

shiguangtong87 pfp

Good afternoon ！！ it will be weekend, we can go to travel and take photo!! /itookaphoto

0 reply

1 recast

2 reactions

shiguangtong87 pfp

Good afternoon ！！ it will be weekend, we can go to travel and take photo!! /itookaphoto

0 reply

1 recast

2 reactions

shiguangtong87 pfp

Good afternoon ！！ it will be weekend, we can go to travel and take photo!! /itookaphoto

0 reply

1 recast

2 reactions

shiguangtong87 pfp

0 reply

0 recast

0 reaction

altsome pfp

TODAY: Standard Chartered and OKX unveil program enabling institutions to post crypto and tokenized money market funds as collateral.

0 reply

1 recast

1 reaction

shiguangtong87 pfp

Share music with them !! https://www.youtube.com/watch?v=AdBzzpq3xV4

0 reply

2 recasts

2 reactions

shiguangtong87 pfp

Share music with them !! https://www.youtube.com/watch?v=AdBzzpq3xV4

0 reply

2 recasts

2 reactions

shiguangtong87 pfp

It won't be long now until we'll hear the first case where some employee of a third-rate exchange or something will wake up with a barrel of a gun pointed at him, forcing him to go to work and turn over all the float at his company or have his family killed. It's been done in the USA, and for much less than what these exchanges and mining pools routinely manage.

0 reply

0 recast

0 reaction

shiguangtong87 pfp

It's just not that easy. People running these things completely lack the understanding of just how seriously security needs to be taken. Various sites handle millions of dollars worth of bitcoin with "patch all flaws" style security. People need to understand that millions of dollars of easily disposed of goods are worth killing people for.

0 reply

0 recast

0 reaction

shiguangtong87 pfp

Honestly, the high tech industries are shocking at learning from history - "Oh, those constraints from 10 years ago don't apply to us anymore, technology has moved on." Sure, but people haven't, and most of the real problems are sociological problems - fraud, greed, stupidity, stubbornness. Companies that deal with money or payment processing come up against this faster than ones that don't, and they adapt (see PayPal's anti-fraud department, so successful they spun off Palantir) or die (80% of all Bitcoin exchanges to date).

0 reply

0 recast

0 reaction

shiguangtong87 pfp

These repeated break-ins should make consumer-grade hosting environments more secure. Not going to happen at the price points people are accustomed to - they'll simply become professional-grade hosting environments, with a price tag to match. See Amazon's recent cloud HSM announcements - $5000 set-up fee before you get started. Then people will whine about how expensive it all is, and some bright spark will come up with ways to make it cheaper by compromising here and there, and we're back to square one.

1 reply

2 recasts

2 reactions

shiguangtong87 pfp

These repeated break-ins should make consumer-grade hosting environments more secure. Not going to happen at the price points people are accustomed to - they'll simply become professional-grade hosting environments, with a price tag to match. See Amazon's recent cloud HSM announcements - $5000 set-up fee before you get started. Then people will whine about how expensive it all is, and some bright spark will come up with ways to make it cheaper by compromising here and there, and we're back to square one.

1 reply

2 recasts

2 reactions

shiguangtong87 pfp

People cannot simply stop using consumer-grade hosting and jump on a very expensive BTC vault. There must be a demand proportional to the cost of any solution. And demand takes time to grow. Bitcoin is not bootstrapped by anyone, it grows from absolute zero, step by step. This type of shit will gradually happen less and less, but people cannot just decide to use more expensive and robust hosting.

0 reply

2 recasts

1 reaction

shiguangtong87 pfp

People cannot simply stop using consumer-grade hosting and jump on a very expensive BTC vault. There must be a demand proportional to the cost of any solution. And demand takes time to grow. Bitcoin is not bootstrapped by anyone, it grows from absolute zero, step by step. This type of shit will gradually happen less and less, but people cannot just decide to use more expensive and robust hosting.

0 reply

2 recasts

1 reaction

shiguangtong87 pfp

For bitcoin definitely. Companies like our clients already take it very seriously (the regulators would fine them heavily if they didn't, and if they didn't and information leaked out because they didn't the PR could be disastrous). What many of the individuals dabbling in bitcoin don't realise is that if they want a decentralised currency where no bank or government department has control, no bank or department can protect them so they need to make sure they provision sufficient security themselves which means properly vetting any suppliers or keeping the wallet in their own environments.

0 reply

0 recast

0 reaction