4 ms·
> Namely, consider a huge exchange like Binance, which could technically run off with everyone's money. > I bet it won't though, precisely because it's SO BIG
by kbob 5y ago
> Namely, consider a huge exchange like Binance, which could technically run off with everyone's money.
> I bet it won't though, precisely because it's SO BIG
Quoth the Wikipedia:
Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan.[1] Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin (BTC) transactions worldwide, as the largest bitcoin intermediary and the world's leading bitcoin exchange.[2][3][4][5]