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Services have existed with margin/option trading, but some of them have shut down because they were hacked. New ones that come out every day are too insecure to
by ewillbefull 14y ago
Services have existed with margin/option trading, but some of them have shut down because they were hacked. New ones that come out every day are too insecure to be trusted.
In fact, just today a margin trading website was exposed as having tons of SQL injections and storing user passwords with unsalted MD5 hashes. Until somebody can step up to the plate stability will be an issue.
Which reminds me, I have a rather nice domain name and experience with bitcoins and security, if only I had the financial/regulatory know-how...
- shtylman 14y agoStop worrying about the financial and regulatory know how and just try out your idea. You might find it goes nowhere and you will have wasted your time thinking about "regulations". No one is going to shut down your website making 10$ a month and if you do start to grow then you will be able to pay the right people to deal with the right problems.
- biaxident 14y agoWith all the recent hacking of Bitcoin services, maybe it's this kind of thinking which is causing more problems.
- shtylman 14y agoI don't think regulation helped any of the banks with high profile credit card hacks recently. Don't confuse regulation with security. Regulation is not necessarily in place to provide security for the end user, only barriers to entry. Once you do start to grow obviously the correct precautions should be taken.
- illuminate 14y ago"Stop worrying about the financial and regulatory know how and just try out your idea." Internet Libertopia!
- deleted 14y ago[deleted]