Post
Topic
Board Securities
Re: [Weexchange issue] The fall of Ukyo III - Updates and references
by
julz
on 09/05/2014, 23:41:55 UTC
Quote
Its a pity that the community is using a decentralized currency but pretty much all possible points of centralization fail

I strongly suspect we're also seeing some 'chain reaction' effects with some of the failures in the Bitcoin industry.
There are probably some links & dependencies behind the scenes which weren't exactly thoroughly declared to investors..  and of course the line between fraud and plain mismanagement or even just bad luck is a blurry one, which some operators have taken advantage of.

A universal theme seems to be the lack of transparency and communication about what happened... that's the surprising thing to me for an industry based around a public ledger!