Quote from: OkieDoke on March 19, 2014, 08:02:45 AM

For those who want Erundook held accountable for various things like the loss of our coins - stop blaming other people for your own mistakes.

Erundook didn't put a gun to your head telling you to put your coins on his exchange. You did it because you wanted to turn coins in to more coins and the bottom line is that security holes can appear anywhere regardless of how much time and money is invested in it.

Look at the UK banks, in the last 2 or 3 years there have been at least 5 successful attempts and circumventing their security and they're just the ones the FSA have told us about because they affected customers directly.
We have no idea how many more of these 'hacks' have happened in the background.

Now fortunately, the FSA requires banks to reimburse customers who lose money because of something like this.

Don't expect this with Bitcoin and digital currencies.
BTC was designed to be anonymous with all transactions not required to be tied to any person.

If you're not comfortable with this and if you're not prepared to accept that all your coins are at risk at all times then digital currencies are not for you.

So it seems that digital currencies - or at least their exchanges - need to be regulated, too. Thus at least the coins, which are deposited at an exchange, are as safe as those on a conventional bank or exchange.