Hi,

> For example exchanges. I wouldn't use an exchange that does not follow
> some basic principles. Bitfloor owes me 200$. I don't know what they
> have done with that money of mine and how the government was involved,
> but having money stolen is not something which I find valuable. Do I
> want exchange to follow a 1000 page book of rules? No, but 5 good
> rules certainly. Cold-storage for one. Network security. Etc. That
> principle applies to every transaction. If I buy some goods I want to
> receive them. If I pay for a service I want to have that delivered
> with high quality on a timely basis. The current understanding of this
> aspect of the network is underdeveloped, to put it mildly.
>
Why did you send your money to an exchange that did not follow rules you
find important?

Of course there are rules to follow, but the enforcer is the customer -
they either get your business or not. You made a wrong business decision
and you paid for it.

I don't use online exchanges, because I don't trust them. If there's an
exchange that convinces me that they are usable, secure and cheap enough
for me, I will use them.



Juraj.