Quote from: nmtrader100 on August 07, 2016, 02:38:45 PM

How can we be confident that you are more secure than Bitfinex, Cryptsy, Mtgox, or any of the other exchanges that have been hacked and had their BTC stolen? You can be certain that the greatest hackers in the world in the US, China, Russia, and anywhere else will eventually target your exchange if there is enough volume and enough monetary incentive to do so. Are you prepared to secure your exchange against the greatest hackers in the world? It seems to me that you more or less are just a regular guy starting an exchange and, no offense, but you are no Vitalik Buterin. What makes you different from Bitfinex? Who are you hiring to provide security? It would seem that a modern day exchange would need a whole team of MIT graduates and security specialists to manage, and detect security threats, etc... When I worked at LANL there was 10,000 attempted security breaches EVERY DAY. But it seems you are just one guy who says he has gone through the code "line by line" and has decided to resurrect an old exchange. If you look at some of these new IPO's coming out, you see that they are professionally done. It shows a team of developers with their pictures and credentials, etc... Even so, look at what happened with the ETH DAO! There is a new hack and BTC stolen every week. What do you say to give confidence to your users that your exchange is secure?

Some of us loved the old mcxnow, but now it has been moved to this new web interface and I just don't see what you offer over other established exchanges, except the benefit of not dealing with USD or hard currency, which allows users to remain anonymous. I think you would have to be mad to deposit BTC in this exchange. People never learn their lessons. This is disaster waiting to happen!

After the MtGox disaster, which took 50K of mine, I reviewed my investments carefully. I had a lot of money at Bitfinex and was earning great interest in the loaning feature back in the day, but when I decided to do more research into the management, I quickly withdrew all of my money and never looked back. I had no confidence in the guy running Bitfinex. Look what happened! This whole situation feels eerily similar. I want very badly to have confidence in this venture but I don't!

Please don't take this as a negative attack. I respect that you have a vision and are trying to accomplish something great, I just don't have much confidence yet in your ability to secure it.

Your objections are valid and understandable. And I probably cannot overcome all your concerns.

The old exchange has been running for over a year without any hacks (even though several attempts have been made) and has even been improved since then. The setup and structure of servers is well tested and has withstood many, many attacks of different kinds.
The exchange has been developed and is still being developed and maintained by two people who have successfully run an exchange (mcxNOW and Solidcoin24) without any successful hacks. So we are not lacking experience.

But we will increase security measures as we grow of course. I can understand if you hold back until we can offer everything you mentioned of course.