Re:How the Bitcoins Were Stolen from Mt. Gox [video]
by addHocker on Monday September 18, 2017 @05:38AM
(#15274486)
I honestly find this attitude fascinating. A Technology that exists since- 5 years, and yet, expertise is demanded, as if these exchanges could attract and hire the experts of banks.
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Re:How the Bitcoins Were Stolen from Mt. Gox [video]
by pjc50 on Monday September 18, 2017 @06:09AM
(#15274584)
The thing is, all the "new" or "high tech" parts of bitcoin can be treated as a black box, and their relevant properties summarised on a single sheet of paper. You could then hire someone with financial controls expertise to run the other side of the business - the entirely conventional money handling.
A bitcoin exchange really isn't all that different from a metals exchange, if you substitute "physical delivery of gold" for "emit an actual on chain bitcoin transaction".
Re:How the Bitcoins Were Stolen from Mt. Gox [video]
by jdietrich on Monday September 18, 2017 @06:39AM
(#15274712)
Other fintech startups have little difficulty in attracting experienced talent. You see a lot of grey hair and a lot of very distinguished CVs in that scene. Several banks run their own accelerators and angel schemes.
If cryptocoin startups can't recruit the right talent, then I think that's a strong indicator of their fundamental business value.