Gox

[Kelly John Rose]

On Tue, Feb 25, 2014 at 1:22 PM, Lodewijk andré de la porte <l at odewijk.nl>wrote:

> Their current website announcement is a straight offense too.
>

I find it somewhat ironic that they are shutting things down to avoid a run
on the bank. They can't go to fractional reserves without essentially
upsetting the ideology of many of their users and they cannot let their
users take money out because they didn't implement the most basic
accounting procedures for these things.

Sadly, this is the precise reason banks are generally heavily regulated.
Without that regulation, corners get cut and millions of dollars get stolen
with no recompense.

-- 
Kelly John Rose
Toronto, ON
Phone: +1 647 638-4104
Twitter: @kjrose
Skype: kjrose.pr
Gtalk: iam at kjro.se
MSN: msn at kjro.se

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