Kuaishou really has 'broken out' this time—though in the ugliest way possible. Overnight, 17,000 live streaming rooms were opened by malicious entities, and downloads surged by over 4 million within 24 hours, leading to a 6% drop in stock prices and a direct evaporation of 16.4 billion HKD in market value. Whether this is a malicious attack or a marketing failure, it exposes a harsh reality: no matter how large a centralized platform is, it can have its trust defenses breached in an instant.
This incident has reminded us: in the digital age, relying on a single platform or institution to host your 'value' can pose risks far beyond imagination. Your account, data, and even assets could face threats due to a platform's vulnerability, an attack, or even a 'misoperation'.
This is why, in the world of encryption, more and more people are beginning to pay attention to 'self-custody of assets' and 'decentralized value storage'. For example, when you hold a decentralized stablecoin like @usddio, your assets do not rely on the security team or risk control system of any single company, but are guaranteed by transparent smart contracts and over-collateralized on-chain assets. No one can freeze your wallet, and no platform can suddenly 'crash' making it impossible for you to access your funds.
The core of #USDD以稳见信 is actually about shifting 'trust' from the platform to code and mathematics. Its collateral rate is publicly available (130%+), asset flow is traceable on-chain, and it does not rely on any centralized institution's 'commitment'. In this era where 'system failures' and 'risk control upgrades' can happen at any time, this confidence in not entrusting asset safety to others has become the most scarce reliability.
The turmoil of Kuaishou may pass, but it reminds us: do not put all your wealth in any basket that could 'collapse overnight'. Whether it is a traditional internet platform or an emerging cryptocurrency exchange, diversifying risks and maintaining autonomy is the most sober survival strategy in the digital age.
Smart people have already started to take action - how about you?
