First Take on Ben Lawsky’s Reddit AMA
New York Superintendent of Financial Services, Ben Lawsky, took to Reddit today to do an hour-long “Ask Me Anything”. He seemed reasonably open and thoughtful about the bitcoin space, taking care to...
View ArticleWhat MtGox Did Wrong
tl;dr: Everything. A friend emailed me yesterday and asked “Why aren’t others vulnerable?” That’s a good question. For those of us who pay attention to bitcoin every day, it’s been clear for months...
View ArticleDo Bitcoiners Want a Bailout? No.
MtGox filed for bankruptcy protection today, and in so doing, disclosed that it has 127,000 customers who are owed on average the equivalent of $3500 each. One might expect this sort of thing to...
View ArticleProof of Solvency is a Big Deal
Leave it to programmers to look at a catastrophic $350M financial-company collapse, and immediately think: “Why not just code that sort of inelegance out of the economy?” That’s exactly what’s...
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