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RE: @Poloniex Now Holding 28 Million in Uncredited Deposits, Does the Steemit Community Provide a Solution? Or Are We Helpless?

in #steemit7 years ago

Poloniex has nothing to do with anarchy and/or decentralization. Using polo requires a lot of trust, and it's absolutely a one-way street.

It's similar to the unregulated online poker scene back in the day; you're extending a ton of trust to a faceless organization and you have no recourse if things get fucked up.

Therefore, you either (a) realize and accept that risk or (b) do your business with an organization that doesn't reek of shit.

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Well, this may be true of the exchange, but that Steem is sitting right here in a Steemit wallet, so, I'm hoping there's something that could be done to sanction them against further abuses.