What are your thoughts on the new SAFU program? Will it keep our funds safe?
>>To protect the future interests of all users, Binance will create a Secure Asset Fund for Users (SAFU). Starting from 2018/07/14, we will allocate 10% of all trading fees received into SAFU to offer protection to our users and their funds in extreme cases. This fund will be stored in a separate cold wallet.
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It's like patching a flawed security system instead of fixing it. You give candy to the idiots who lose their API keys instead of making your shit more secure.
as if any security system is truly secure, fucking brainlets
how can the exchange make it more secure if the dumb faggots who keep compromising the security are it's users?
unless you want them to enforce ip whitelisting for API usage what would you do? (hint: they won't because they'd lose all the volume from those bots on day 0)
chink scam
so funds are actually SAFU at this point in timeline?
This is why im in blockport (dex). You retain control over your own wallet.
>SAFU
Sounds like the chink word for "Safe"
Smart move on CZ's part. Even if the exchange isn't anymore safe, it gives the appearance of safety and reassurance which helps Binance to remain the #1 exchange.
But the blockchain is supposed to be unhackable! Why don’t they just store the private keys on a blockchain?