4 ms·
Not really. When someone gets mugged it's simple to be sympathetic to what's happened. When someone gets mugged and you gave them assets to hold and/or transf
by nemof 13y ago
Not really.
When someone gets mugged it's simple to be sympathetic to what's happened.
When someone gets mugged and you gave them assets to hold and/or transfer, and they didn't take due care of the security of these assets, this makes them culpable and negligent.
Yes, MtGox are probably having a really shit time right now, and yes I'd feel sorry for anyone who'd just fucked up this royally (assuming there was definitely no intent to defraud on their part), but that sympathy is tempered by a recognition that they've made the world vanish from under thousands of peoples feet as they see assets they trusted with the exchange float away into the ether.
This is why managing risk and having rules that protects consumers is so useful. Everyone's a hedgefund investor until suddenly the rug gets pulled out from under their feet.