[figglesonrails]

I fail to see how this is any different than people putting money into bank 1000 years ago and a bank robbery destroy their wealth. Isn't that a perfectly accurate description of what happens when an exchange gets hacked? Isn't that more or less what happens when a bank makes bad investments and loses your money, so that when everyone attempts to withdraw at once (bank run), the bank collapses [assuming no "FDIC"]?

As far as I'm concerned, the biggest problem isn't "regulation" or "central authority" or "is bitcoin currency?" it is "who takes the loss when sh*t hits the fan?"

In the bitcoin world, the winner is YOU.