Quote from: Pab on January 16, 2016, 01:23:12 AM

Quote from: Fontas Returns on January 15, 2016, 07:55:53 AM

The bitcoin bandwagon brigade has always preached how secure crypto is but it seems like every exchange has gotten hacked. Is securing crypto a pipe dream? Is this what the BTC experiment has taught us?

I have big doubts that Cryptsy has been hacked.Hacked in 2014 like thayare saying It next Mintpal or CryptoRush,Lets make easy money,create exchange and than cry My exchange has been hacked

Exchanges are not regulated,it is still wild west

Regulations means a lot of money invested in financial license and it's not worth. you need many employees, AML, KYC, audits, accounting, real office. it's very hard to make a such business in a legal way.

And IF you do it, it's not worth because the revenue it's not big at all . the BTC market is 90% black market. the people who are using the black market doesn't want verification and other shits that a regulated exchanger must do. they want something like BTC-e(shady, no due diligence).

If most of the exchangers would become regulated(with financial license), BTC will worth almost 0 because most of its users will use other e-currencies.