Just when you thought the DAO hack was harsh, Bitcoin one-upped us with a crazy start of August. Traders saw the BTC/USD price drop from a cool $660USD to a mediocre testing of the $600USD supports.
Nobody could have predicted the biggest Bitcoin exchange with a market share of over 11%, Bitfinex, to lose over 75mill worth of the precious coins when they were observing the price testing.
To put this in perspective, the most infamous Bitcoin exchange to be hacked, Mt Gox, lost to the tune of $450mill USD of Bitcoin. This once again shows us that central exchanges are the weakest link in the Bitcoin ecosystem.
Those Bitshares sure look attractive from that point of view...