I have come to pay my respects to a great trading exchange
RIP Btct We knew you well
Now that btct is officially shut down and we are in November can you tell us the details as to why you had to close the exchange I know there are a lot of unknowns as you mentioned on the Sept 28 post and your post about blocking US users who use the code, but until it is officially winded down you said some points could not be mentioned. Can you mention any of it now.
We *know* this could have been handled VERY differently to prevent the violent market reaction and knee-jerk selloffs of our securities.
It will probably be a while before we can share the complete picture. For the sake of the here and now, let's just assume that I did everything I could to protect everyone's interests. (I did and I am continuing to do so.)
Still, I am curious as to how you would improve on the process. I'm sure sooner or later there will be other exchanges that will benefit from lessons learned here.
Cheers.
And
Unless the code is modified to conform with legal requirements of the United States Government, (probably not currently possible, but for instance, if you made up your own currency instead of using an established cryptocurrency it might be legal) any purchaser of the code will have to agree to block US citizens from any site utilizing the code
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