I found out that the console can now be hacked

I've been putting a ps4 on the backburner and recently found out that it can now be officially hacked.
So my question now is: Is there any way I can use a profile to go online and play multiplayer games but then go back to a different profile to play games with hacks? I hope that makes sense.
I want to play online games with my friends but I also want to mod skyrim and play around the cfw community.
Would I have to buy a ps4 just for online gaming?