Post
Topic
Board Beginners & Help
Re: How to avoid another MtGox Affair
by
btyako
on 20/06/2011, 03:42:44 UTC
being that much higher profile website useraccounts have been exploited recently (paypal, facebook, twitter, sony online etc) this is just par for the course at the moment in my opinion, the amount of security at mtgox is kind of a joke with the amount of money being thrown around it to be honest.


Right, I agree, this is not some sort of signal about the failure of bitcoin, this is about the failure to apparently provide adequate security at one particular exchange. The real negative in all this is that having just one web site compromised caused such havoc in BTC value and trade volume. If we're gonna run a decentralized network, then let's run a decentralized network.

Yea I see what you are saying, at the moment tho I agree with the other poster and you that they might want to get some people like was said to work together and get a framework established and start using that framework to create other exchanges, since by the looks of it mtgox's programmers well... noone should have trusted them with real money by what i've seen.