What the cryptocurrency ecosystem needs to realize, is that the
   protection of the customer must be foremost. BTC is a great system for
   sellers and receivers, however there is very little protection for the
   buyer andCaveat emptor is not going to work as a scapegoat any more. It
   is time that businesses not only exchanges but payment processors,
   shopping sites, wallet services, etc needs to start standardizing
   proper security framework.
   What we need is an active change in the cryptocurrency industry. A
   formation of a independent decentralized certifying agency, that can
   audit, check and provide policy and guidelines for cryptocurrency based
   businesses. It should be self regulated and highly transparent and
   should only work with business.
   What this body would do, is have a checklist of requirement that each
   business has to fulfill in terms of IT Security, Customer service
   policy, accounting and book keeping, Tax policy (according to each
   country), Independent review of the Code being implemented, Approved
   hardware, and physical security and inspection. Basis which the
   business is given an accredit score.
   The scoring system should be such, that it allows small start ups to
   improve score and not reflect negatively. There should be guidelines
   that businesses can follow to gain higher scores if they decide to
   implement those guidelines, the most important thing that the body
   needs to do, is to promote new businesses to start and help them
   improve on Security, Customer service and Accounting. These are the
   three fundamental thing that needs to be checked and audited.
   Protecting customer by implementing a rating system is what's needed at
   this time.
   I dont know if this is viable but i think it may work.

   On Sun, Mar 23, 2014 at 1:45 AM, Kelly John Rose <[1]iam@kjro.se>
   wrote:

   On Saturday, March 22, 2014, <[2]tpb-crypto@laposte.net> wrote:

     > Message du 22/03/14 17:28
     > De : "Troy Benjegerdes"
     > If you think you need 'money' to write a better exchange, then you
     are just
     > another crypto-snake-oil salesman, and are WORSE than Gox, who at
     least gave
     > us a good example of failure.
     >
     > However, if you want to put your code (and failures) where your
     mouth is,
     > I'll give you free room and board if you show me good code, and an
     honest
     > effort to learn from failure. Nowhere in this exchange is money
     involved.
     Most of the guys willing to create a new exchange are figuring they
     need to pay a team of professional C programmers if they want their
     system working without hacks, because lately 90% of coders barely
     get through with Python, lol.

   Having worked on some complex banking and accountingsystems before, I
   know there is a lot more tothe equation than simple coding up some
   crappy ruby code and putting fixes in place whenever it doesn't quite
   do what you want.

   Financial cryptography is expensive to do mostly because there is a
   strong need to not only implement good code, but also make sure the
   engineeringis done correctly the firsttime and that it has the
   expensive physical security to back it up.

     --

   Kelly John Rose
   Edmonton, AB
   Phone: +1 587 982-4104
   Twitter: @kjrose
   Skype: [3]kjrose.pr
   Gtalk:[4]iam@kjro.se
   MSN:[5]msn@kjro.se
   Document contents are confidential between original recipients and
   sender.

References

   1. mailto:iam@kjro.se
   2. mailto:tpb-crypto@laposte.net
   3. http://kjrose.pr/
   4. mailto:iam@kjro.se
   5. mailto:msn@kjro.se