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Comment Re: Hosting Platform (Score 2) 260

Yes, Facebook is the hosting platform, just as email once existed within computers and didn't travel between them. We don't yet have a Social Media Transport Protocol that allows peering between providers, but one day we will, and Facebook will follow AOL & CompuServe to the big walled garden in the sky. But, IMHO, that day is not in the near future.

Comment Segregated funds (Score 1) 465

If you're a bank or finance company, borrowing and lending on your own account, then yes, customer funds are liabilities. But stockbrokers, lawyers, accountants, et al. keep their customers' funds in a segregated trust account, and Mt.Gox and all the other exchanges should be following this model.

The trouble with money is it costs too much!