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April 26, 2015, 08:39:15 PM |
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This is both amazing and bad. It's really cool that these guys have insurance because well, you never know. Even if you have amazing systems and security measures, bad stuff can happen. People can't always be monitoring and securing their systems...
It's also bad, because if an exchange needs to be insured, people aren't really storing their Bitcoins by themselves, and trusting on centralized services and online wallets... And if investors think their Bitcoins are safe because they're insured on an exchange wallet, they aren't really getting Bitcoin, and the fact that people see it as normal to trust their funds to a third party perpetuates wrong ideas about Bitcoin.
Anyways, let's see where this goes, I wish this and all exchanges success...
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