A few days ago, Steemit.com went down for a few hours and many users noticed some issues with curating posts and comments, as well as some other functionality. While the blockchain was unaffected, I've noticed a number of Steemers posting about the problems they experienced with the website.
Did it affect Steemit?
That depends on what you mean by that question. It certainly disrupted the website which we all use to curate posts and read posts by our friends. It didn't affect the blockchain at all. You might think this means that it only affected the functionality of the website, but how does functionality affect the value of Steem, and could that be what is behind the DDOS attack?
Why would someone hit Steemit with a DDOS attack?
There is only speculation as to why someone would do this. Unless a hacker takes credit for the attack and tells us why it happened, we are left with guessing their motives. I'm not much for conspiracies, so take these with a grain of digital salt. Here are my thoughts on what prompted the attack.
- Someone looking for fame.
Some hackers and dark web users don't really have any nefarious motives besides the kicks and giggles of knowing they were responsible for a temporary disruption. Sometimes they publish a claim of being the one who launched the attack and sometimes they just sit back and watch the world burn, knowing they lit the match. Either way, it's just an ego trip and a feeling of accomplishment which some like to put on their resume. - Someone looking for disrupt Steemit for monetary gains.
You think this one is a stretch, wait until you read the next one! If a hacker operated a DDOS attack against Steemit.com and the public began to believe the site, and therefore Steem, was struggling, they may be a dropoff in price. That would be the time to swoop in and buy as much Steem as possible. Then the hacker could stop the DDOS, hold the Steem for a while, and slowly wait for the price to recover. Once the press release hit and Steemers knew it didn't affect the crypto and that the blockchain was secure, they may drive the price up and give the hacker a chance to sell for a significant profit. Considering the price of Steem at the time of this posting is only .0002159 of a single Bitcoin a hacker could buy a lot of Steem and easily manipulate the value by 10 to 20%. - Someone looking for disrupt Steemit for business gains.
The most far-fetched idea I could come up with is that someone at Reddit, Medium, or Facebook doesn't like what they see happening at Steemit and orchestrated a DDOS attack. Obviously, this is the most unlikely. Don't believe for a second that all those big social media giants are unaware of Steemit. They know who we are and what we are doing. I'm sure it's scary the heck out of them. However, is it worth messing with the website to cause a disruption and be able to say, "Look! Steemit isn't secure. They had a DDOS attack!" It just doesn't add up as the juice isn't worth the squeeze.
As with most mysteries, the most likely answer is probably the right one.
My bet is that it is some bored programmer who just put another notch in their tower. Congratulations, loser. You shut down a website. It's really amateurish, but you did it. I mean, you did. Right?
What's your guess? Put your comments below and let's connect!
My name is Rich and I'm a Libertarian.
You can find me on the Libertarian Chat Channel and now on the Discord Unmentionables server. I'm working on a production called the LIS, or Libertarian Interview Series. It's going to be a series of written format interviews with the top Libertarians and Anarchists on Steemit. If you would like to be a part of it, either to be interviewed or offer help, just message me here.