Quote:
Originally Posted by dyna mo
i'm not sure it doesn't make sense for a couple reasons.
they have to be able to transact down 9 decimal places right? that's a lot of processing power to process 1000s and 1000s of exchanges for 1 satoshi (.000000001 btc)
+ the contractor, can't just do a goog search for a random company to come in and scale this, that's what mtgox did in 2011, resulting in the stolen database and subsequent crash of june 2011
food for thought.
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the number of trades is what counts, the size of the trades doesn't matter much, and they don't trade that much, about 15k trades per day... which is fuck all...
obviously they shouldn't just hire some random contractor off the street, they should hire some known, reliable, etc company...
but you bring up a good point, how can bitcoins have a future, if any programmer or site/app owner working with anything bitcoin related can anonymously without any trace steal coins so easily? at anytime they can play the "sorry, we got hacked" card and walk away with millions worth of bitcoins?