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>One might think of Mt.Gox as a counterexample. However, I see that debacle more as an unintended consequence of too much regulation I don't agree. A fairly si
by nickodell 11y ago
>One might think of Mt.Gox as a counterexample. However, I see that debacle more as an unintended consequence of too much regulation
I don't agree. A fairly simple asset control system would have detected that someone was embezzling money from the exchange. That's been standard at companies I've worked at, even though they weren't in the financial sector.
- thesimpsons1022 11y agobut muh freedoms. Rand Paul 2016
- yc1010 11y agoNo one would have been using Mt Gox if there were better options back then (the coinbases, krakens and bitstamps didnt exist then or were just starting off) I used bitcoin since 2011, MtGox was fairly much unavoidable at the time, tho I do remember #bitcoin-otc :) Everyone knew mtgox was dodgy, and in the end the people who did get burned are those who forgot about their bitcoins there and those who were willing to gamble despite months of warning signs of impending doom. Hell I think i have like 100$ worth of bitcoin there at todays rate but for the life of me can not remember the password I used.