A lot of comments here attacking this guy's name or things totally tangential to the meat of the post: simply plugging in some numbers into a financial formula

A lot of comments here attacking this guy's name or things totally tangential to the meat of the post: simply plugging in some numbers into a financial formula to estimate the market's implied probability of these BTC exchanges going bust. A lot of people here probably have BTC in their own wallets so don't care but the current btc exchanges (binance/coinbase etc) collapsing like mt. gox did would not be good for BTC in the short run at the very least.