Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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The impressive list of bitcoin scams and failures may perhaps serve to teach them also the importance of professional accounting and financial regulations -- and why government is a good thing.
The impressive list of bitcoin scams and failures may perhaps serve to teach them also the importance of professional accounting and financial regulations -- and why government is a good thing.
This is a joke right?
You ever heard of Enron?
Did you know that a dozen managers of those companies were found guilty of criminal offenses, and many (I don't know if all) of those went to jail?
Perhaps that is why, among thousands of companies of similar size, there have been relatively few such scams.
By "relatively" I mean "compared to bitcoin-related enterprises". Here is an outdated and incomplete list of bitcoin scams and thefts. How many of those have resulted in convictions?
Why would a bitcoin entrepreneur (say, the owners of BTC-e) refrain from doing what those people did?