does anybody have incidences in mmind of when exchanges were hacked, and what happened in the process?
if the exchange gets hacked your just S.O.L. better luck next time or do they reimburse you and take responsibility for their failed security?
all valid concerns in this economy..
Both btc-e and vircurex have been hacked in the past and covered the losses themselves. Mooncoin apparently just stole the deposits and disappeared. Cryptoxchange shut down and last I saw there were a lot of users that never got their money back.
nice thanks for the history
how long has vircurex been fluffing the golden goose? btc-e?
what qualifications would you need to start an exchange? none whatsoever, a forum name?
could we petition as a community for brainstorming and development of a top of the line secure exchange? it can't be hard. and have the profits go back into bitcoin development. as a secure exchange I mean, top of the line security, accountability, and safety for its users.
I hate to say some kind of insurance plan. but facts are facts. theres gonna be hacks and the such. I would hope an insurance plan was there to back any misfortunate events. even though I hate insurance. especially car insurance,
I think that this is possible isn't it? we don't have to work in such sketchy ways all the time, eventually as bitcoin becomes more mainstream I would hope we would have developed something like this. its got some pretty scammy scammers popping in and out without a trace, but i feel like we could transcend our vulnerabilities over time.
any thoughts on this thread appreciated