I appreciate that Bitstamp made a statement, but anyone who trusts this is a complete fool. Trusting Mt. Gox was precisely how I lost money in its demise. I w

I appreciate that Bitstamp made a statement, but anyone who trusts this is a complete fool. Trusting Mt. Gox was precisely how I lost money in its demise. I was also called a complete fool by someone on HN just before I lost my money. The comment made me angry. Me, a fool? Yet it was true, and I should have listened. Run away, don't walk. They lost 5 million dollars. Let that sink in before deciding to trust them with any money you care about. 5 million dollars is about the same as a Series A round. They lost the equivalent of an entire company of programmers. You could employ 50 programmers for one year with that amount of cash. And it was precisely your money that they lost. For all you know, this could now be a game of "musical chairs" where the last person to withdraw money from bitstamp will be left wanting. Don't let that be you. Guard yourself. By the way, Mt. Gox lied through their teeth to me, all the way up until their service shut off. Leading up to the disaster, I was in constant communication with their support staff, and they were very reassuring. "No, of course no one will lose money. Withdraws will reopen soon." Too bad the support people were themselves being lied to by Mt. Gox management. So, no, a statement by a bitcoin service isn't worth the weight of the paper it's printed on. EDIT: It's distressing that HN downvoted the parent comment to the point where they felt like deleting it. Please try to downvote less in general. The parent comment was simply relaying Bitstamp's statement.