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A better solution would be for the Bitcoin Foundation (or some other entity) to certify exchanges and online wallets as being compliant with a well defined code
by spiralpolitik 13y ago
A better solution would be for the Bitcoin Foundation (or some other entity) to certify exchanges and online wallets as being compliant with a well defined code of practice and audit them regularly.
Consumers could look for the mark as indicating that the exchange is a well run outfit rather than a bunch of cowboys.
- eropple 13y agoThat doesn't solve the problem, though: how do you trust that they're able to do a good audit? (I don't have to trust that my bank can, because my accounts are insured by something that rhymes with "duvvermint".)
- gnaritas 13y agoThen you end up with what happened with the housing market in 08, ratings agencies rubber stamping things for profit. Why should I trust what they say?