Post
Topic
Board Bitcoin Discussion
Re: ATTENTION: Any exchange right now can act like a bank
by
cunicula
on 03/07/2011, 23:39:14 UTC
When a user registers an account, they need to be assigned a permanent bitcoin address that the user can send BTCs to, and request to withdraw BTCs from.

This prevents a database to become compromised with BTC amount because the bitcoin address can be looked up at any time on blockexplorer to see the amount of BTC that address carries.


This is a good idea.  I think the exchanges should implement this right away.