Re:MtGox.com is offline
by mcv on Tuesday February 25, 2014 @06:57AM
(#7297040)
How are we regulators? How can we demand anything from any enxchange? How can we punish them if they violate the rules, or our trust?
[ Parent
| on HN ]
If Mt Gox has a single deposit wallet for example, we could easily audit how many coins it has.
We couldn't enforce rules, but if some people decided to set up a sort of "best practices" website saying it's "SAFE compliant or something (Sure Against Forged Equalities), in which case beginners guide would be "ALWAYS GO FOR SAFE COMPLIANT EXCHANGES!"
We couldn't punish them but it would allow some sort of feeling of safety(if minimal).
Re:MtGox.com is offline
by number_six on Tuesday February 25, 2014 @11:19AM
(#7298445)
I think that is the whole issue with this.
They are beholden to no one and there is no way to punish them if they violate the rules. (rules in the BTC world?! blasphemy!)