[singularityyy]

We really need more transparency in Bitcoin exchanges, and this needs to come from within the community. The days of 'playing around' are gone, this is serious business now. Industry leaders should at least form a consortium that handles these kinds of issues and at least does an audit of funds. In addition, exchanges should prove they have the said funds. It's a public ledger folks, we need to demand more openness and honesty.

[akinder]

You mean.. like put regulations and oversight into place?

How delicious.

[singularityyy]

What does regulation have anything to do with what I wrote? Do you know you can demand things as a consumer? As a group? As a community? As a market participant?

Target 'leaked' 70m+ credit card details and there was no regulation that would have forced them to disclose it. But yeah, lets make all the regulation in the world for Bitcoin exchanges, because, you know ...

[maxerickson]

Are you being pedantic about forcing them or are you unaware that most U.S. states have notification laws that apply when a data breach involves personal information?

[orblivion]

Yep. Fun fact: libertarians don't want the world to be the wild wild west forever. We believe in regulations and oversight, we just think it need not be at gunpoint. Hopefully the Bitcoin industry gets to it before the government does and we'll find out how it compares.

[shpxnvz]

No, he clearly did not mean regulation. He said demand, as a customer may do, rather than coerce by force, as a government must do.