I was one of the victims of the
https://en.bitcoin.it/wiki/Bitfloor exchange hack/"hack" in 2012.
This was the only non-trivial loss of BTC I've ever had:
BTC1.84915808, currently
Continuously since then, those with schadenfreude, shills, and probably "hackers" have recommended using exchanges rather than dealing P2P/OTC*.
Considering every exchange is compromised (past/present/future), that is tantamount to recommending economic suicide. Hint: Not every suicide attempt is "successful".
So, to anyone who would continue to recommend exchange use, put your money where your mouth is:
With this would-be victim you're recommending use an exchange, create a 2-of-2 multisig wallet.
Have this would-be victim prove the amount they will put at risk on the exchange & verify they have activated 2FA that is pentest-proof.
Deposit the same amount that was proven, as surety, to the 2-of-2 multisig with this would-be victim.
Guaranty you (or your legal representative) will release the multisig surety when this victim goes from would-be to actual, when the latest exchange hack/"hack"/theft/seizure occurs.
And until the latest exchange hack/"hack"/theft/seizure occurs, you will earn referral fees from the would-be victim's trading.
*In the face of all my number & length of ratings, cryptographically provable identity spread everywhere (enough for me to be murdered in short order if I were to "exit scam" a single person).local rules:
don't quote OP or OP's replies
don't recommend exchanges without putting your money where your mouth is
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