Quote from: miner2002 on December 08, 2013, 09:56:07 PM

There's no reason to be upset about it, as another person mentioned it just shows how early we are in crypto and how much room there is to grow. You need to guard yourself against well known exchanges going belly up and running off with your coins. Only do trades in batches you can afford to lose.

What needs to happen is someone, who is willing to NOT be anonymous, goes offshore (Cayman Islands, etc) and works locally with that gov to establish some rules for how things will go. Then put together a team, also NOT anonymous, that includes people with experience running/maintaining true exchanges like BATS/NASDAQ/ETC. In addition, they'll need a team of programmers who can put together a website that can handle the volume and also provide support.

If you can do the above, you'll have a golden business, but that's going to take multi-millions of dollars and time to put it together correctly. Based on the market continuing to expand, you can bet someone is working on something similar to what I have described above as we speak.

Why Cayman, when you can go to Cuba? Cool