can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?
Is it that they will have less regulation so to speak and this itself will be an advantage?
For me, none. On the contrary. I think it's about time for
every exchange to be regulated or at least post every transaction to the ledger. Transparency is the key. No more Gox-phenomena with Willy bots will occur this way.
MF Global was regulated. How did that turn out?
I'm all for transparency, but the current regulatory system is corrupt top-to-bottom and has no business sticking it's nose into bitcoin dealings.
If you want secure, then sit around and wait for the confirmations. If you want fast, well, then you're gonna have to trust someone. But if you think regulations are gonna protect you, just remember how regulations worked out for mf global customers.
Also, check recent amendments. Derivatives held by banks (too big to fail) are now covered by FDIC. meaning covered by your tax dollars, and your children's tax dollars, and their children's tax dollars...
OK, I guess that's enough, I'm go to bed now, have fun everybody!
