Global Gaming Technologies Corp BLKCF

crypto exchanges look wobbly

[xauxag9]

Did Coincheck get hacked by unknowns or was it an inside job ? Did the software code have a secret door that was exploited by a disgruntled employee ? Did the vault keys get left somewhere accidently on purpose. Can they trace the transactions ? Who knows, but one thing we can deduce from the crypto market is the inherent instability of the exchange system. They are vulnerable to internet attacks, theft, insider trading, corruption and a myriad of other problems. Trust is the backbone of any market and if more improprieties are discovered at the crypto exchanges, they could collapse. The problems worsen if the crypto currencies are used as collateral but no reasonable enterprises would engage in such behavior. Crypto currencies are fascinating from an economic and social perspective, but we have mentioned on numerous occasions that they probably won't stand the test of time. The worst thing about crypto currencies is their lack of intrinsic value, they're just data bits on a drive somewhere. What a freak show.