Post
Topic
Board Service Discussion
Re: BitMarket.Eu - ownership changed (in a way)
by
unixdude
on 22/02/2013, 17:14:39 UTC
Quote
My personal opinion is, that we should not try to earn back the money with fees. If the fees are too high people would simply use MtGox or other sites.
Fully agree, it must stay competitive

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We only have a chance when we can develop something new and unique
yes move the bitcoin environment out of shonky backyard operators and create the only exchange u can trust. maybe three level security, like hot wallet, cold storage, and  "deep" cold storage where it would need, say 5 people to cross-sign to access  (if technical possible).

New features must be the core of a revived side as well as ongoing development, unlike before, a stagnant side hoping someone signs up.
It takes more then that to create a secure exchange Smiley let alone a secure site.  If you want some advice I can more then likely get a certified security auditor to come on and detail you a list of requirements.  As the exchange should be regarded as a financial institution although it doesn't handle credit cards or debit card transactions it should still be as secure as a site that does and to put it nicely having a php website with a mysql database which sits on the same server as the web application,  with poorly implemented iptables and a phpmyadmin page open to the world doesn't really scream I am secure to me.  Not to mention the person who essentially stole 17k bitcoins initially is still involved with the site - If I saw all that I wouldn't touch it with a pole.