Post
Topic
Board Pools
Re: New BTC pool. Hosted on an exchange which is a registered company in newzealand
by
egjoshslim92
on 17/11/2016, 07:32:56 UTC
the problem is with pools that are not under the domain and ownership of non registered companies is they have nothing stopping them apart from morals from keeping them running off with the funds. The trust comes from the last year of trading with them. If an anonymous admin were to run off with funds how would he be held legally responsible? short answer he probably wont. as its a registered company it could be held legally to account (which ofc would never happen) but they could be which is a far more reassuring reason than a moral compass. You can even check the company out through new zealand records for legal purposes. Not had that with any pools yet Tongue