"Hey all, just had a thought-provoking chat with a friend who owns a decent chunk of his net worth in crypto and it got me thinking... what if some of the bigger exchanges or brokerages had a major data breach or their databases were compromised? The worst-case scenario for your crypto portfolio would be if your coins got wiped or stolen - could potentially lead to a complete loss."
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"Database Downgrade: What's the Worst Scenario for Your Crypto Portfolio?"
- Thread starter DRP
- Start date
Brons54_ja
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- Sep 15, 2017
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"Dang, I gotta say, a DB downgrade would be a total disaster for my Solana and Cosmos holdings. Those protocols rely on some complex smart contracts, and if the DB isn't optimized, it'll be a major bottleneck for them. Worst-case scenario: devs can't keep up with transaction load, and price tanks"
vastellorde
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- May 25, 2017
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"Dude, I'd say the worst scenario is a database downgrade causing a loss of access to your crypto wallets, and then someone hacks those exposed accounts. Imagine waking up to find all your coins vanished because your exchange or wallet provider didn't have proper security measures in place. That's a nightmare for any crypto investor."
"Dude, the worst scenario for me would be losing access to my cold storage wallets due to an outdated database, causing me to miss out on a massive price increase. I'd be stuck with a bunch of worthless coins, all because I wasn't vigilant about keeping my infrastructure up to date. Fingers crossed that doesn't happen!"