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They do it by hiring competent people, by following standardized accounting and security practices, by having third party auditing, etc. All those things that c
by Sanddancer 13y ago
They do it by hiring competent people, by following standardized accounting and security practices, by having third party auditing, etc. All those things that companies like Mt Gox eschewed in the name of being able to rapidly push site updates without testing, etc. Yes, an environment with more stringent testing is less "fun," but at the same time, it's a lot more secure.
- ghshephard 13y agoMtGox may also have wanted to avoid auditors and security people poking their nose around and discovering that they weren't actually solvent. The jury is still out on what actually happened there.