> Sure, don't use shady exchanges. Neither TradeHill nor Mt. Gox were considered shady exchanges, at any point when they were used. But you do realize that the

> Sure, don't use shady exchanges. Neither TradeHill nor Mt. Gox were considered shady exchanges, at any point when they were used. But you do realize that the standards for this are somewhat low. E.g. both the owner of bloomberg.com and the owner of businessinsider.com are convicted of securities fraud (in fact businessinsider.com was extremely likely started exactly because Henry Blodget was convicted of fraud). At the time, the owner of Tradehill was not convicted of fraud, and while he is now, and yet he's still running a bitcoin exchange. However, the people defrauded by both of these individuals in "fiat-world" saw 80%+ (Blodget) or 100% (Bloomberg) of their money back. As far as I know, nobody saw their Tradehill money back. > It would be foolish to suggest that there will never be any fraud in the blockchain world. Are you seriously naive or misinformed enough to believe this ? Fraud, law breaking and tax evasion are the main, almost the only, reason bitcoin is being used at all. You have heard of Silk Road, right ? I've seen numbers suggesting that Silk Road was responsible for 70%+ of all bitcoin transaction at one time, and this isn't even counting the many other kinds of fraud and crime, like data ransoms, actual ransoms, money laundering (esp. out of China, in fact most miners are money laundering operations according to many sources)