> In the case of Mt. Gox, or any other Bitcoin exchange, that credit is secured by nothing and insured by noöne. I believe that's not quite true. IIRC there is

> In the case of Mt. Gox, or any other Bitcoin exchange, that credit is secured by nothing and insured by noöne. I believe that's not quite true. IIRC there is a european bitcoin exchange, where at least the euro balance is insured up to a certain sum[1]. [1] http://spectrum.ieee.org/tech-talk/telecom/internet/bitcoincentral-is-now-the-worlds-first-bitcoin-bankkind-of http://spectrum.ieee.org/tech-talk/telecom/internet/bitcoinc...