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For people with money on MtGox this is an unfortunate situation. There is no way other exchanges would take money from customers and give it back into MtGox use
by jeswin 13y ago
For people with money on MtGox this is an unfortunate situation. There is no way other exchanges would take money from customers and give it back into MtGox users. That would be absolutely unethical. The other option is for exchanges to collectively absorb the financial cost of Gox stupidity. At $350m, I'd say no chance of that happening.
- zanny 13y agoThe Gox price already tanked and a huge chunk of their funds already moved out. It was the mistake of anyone who invested in Gox, and more importantly kept their money in Gox, to do so with a company that time and time again proved its incompetence.
- davidw 13y agoThey'd still have their money if they had just avoided BTC altogether. You, as an end user, are probably never going to be in a position to really make an informed judgement about any particular exchange, the validity of the protocol, or much else, really. The latter things you can feel reasonably sure of because they've been vetted by a lot of people, but there's always the possibility that someone has missed something. http://en.wikipedia.org/wiki/Information_asymmetry http://en.wikipedia.org/wiki/Information_asymmetry