"...Echoing the sentiment of Ryan Straus (Ridell Williams); the overarching issue at the forefront of Bitcoinland is that Bitcoiners place a lot of trust in individuals and organizations. Thats not to say placing trust in people and institutions is always a bad thing", but that trust needs to come with safeguards. The recent events at Mt. Gox are an articulate illustration of those challenges....We can learn from their shortcomings and reference their successes for the next level of Bitcoin infrastructure...."
If you guys remember, last week Ryan Straus, a prominent US attorney made a statement calling out so-called Bitcoin "industry leaders" of those of Coinbase, BTChina, and a few others who had made a joint statement after Mt. Gox's demise. Alex Waters, posts a response to Alex's statement essentially agreeing with the concept of trustless applications for bitcoin and reveals some of the future tech that he believes would help to further legitimize Bitcoin as an emerging technology moving forward.
Thoughts?
http://hub.playerauctions.com/alex_waters-bitcoin-eyes-on-the-books/