I should have said: "What other banking system ASSETS ARE known to be 1/13 controlled by criminals?"
It is like Las Vegas in the 1970s, or Atlantic City during the Prohibition. The criminals are not officially in control, although in the case of Mt. Gox they sure were. I would not bet that an unorganized bunch of open-source libertarian programmers can outwit the Russian Mafia. I have converted LENR-CANR.org to open source WordPress software. I agree it has a broad range of capabilities, but it is amateur and full of holes. - Jed
