"So following their academic study, Moore and Christin calculate a 1/3 failure rate for Bitcoin exchanges." "Just one year ago, a study by Computer scientists

"So following their academic study, Moore and Christin calculate a 1/3 failure rate for Bitcoin exchanges." "Just one year ago, a study by Computer scientists Tyler Moore Southern Methodist University in Dallas, Texas) and Nicolas Christin (of Carnegie Mellon University) found 40 exchanges offering bitcoin services. Of those 40, 18 went out of business — 13 without warning, including five that collapsed instantly following cyber attacks. Almost all of the exchanges that collapsed took their investors funds with them. They estimated that: “Exchanges handling 275 Bitcoins’ worth of transactions each day have a 20 percent chance of being breached, exchanges handling 5570 Bitcoins have a 70 percent chance of failure” It was calculated that in 2013 the median lifespan of any Bitcoin exchange is 381 days, with a 29.9 percent chance that a new exchange will close within a year of opening. So following their academic study, Moore and Christin calculate a 1/3 failure rate for Bitcoin exchanges…" http://www.cryptocoinsnews.com/2014/03/22/bitcoin-foundation-time-step/ http://www.cryptocoinsnews.com/2014/03/22/bitcoin-foundation...