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Bitcoin Learns to Love the Very Thing It Was Built to Destroy - Rules


Bitcoin Learns to Love the Very Thing It Was Built to Destroy Rules Heather Timmons The Atlantic

Source: http://www.theatlantic.com/business/arch...

This shift towards regulation and accountability is somewhat ironic, given bitcoin’s libertarian origins and fan base—a point not lost on its most vocal critics:

Industry participants say that remaining exchanges and companies will become stronger after Mt. Gox’s failure. “As the saying goes, a ‘smooth sea never made a skillful sailor,’” Travia said.

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It's all fun and games until someone makes a million dollars.  Finally, someone gets it.  

Mt. Gox was “incompetent, perhaps criminally so,” said Jiten Melwani, CEO of Bitgame Labs, which is developing a payment platform. But just as bitcoin’s underlying algorithms guarantee its security, he said, ”exchanges will be required to mathematically prove their assets and protocols.”

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