I agree - we investors are thinking too short term. Let's hope that the failures this year lead to less failures next year.
The exchanges have been around for what, six months?
GLBSE has been fleecing the naive since early 2011 actually. MPEx exists since March 2012, Cryptoexchange since June I think.
The original intent of glbse was to be simply a trading floor not the judge and jury. The exchange shouldnt pick winners and losers.
Do you believe people can govern themselves or do they need a nanny to tell them what to do ? The best thing the community can do is come up with independent agencies to do credit checks and verifications and the massive scams should have made people realise theres a great business opportunity for someone to do this. Theres only so much glbse can do with the resources it has and instead of whining about it why arent you providing solutions instead ?