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No, it's deeply flawed. Witness all the exchanges that absconded with their users' funds.
by goldbrick 10y ago
No, it's deeply flawed. Witness all the exchanges that absconded with their users' funds.
- lsadam0 10y agoThe previous commenter asserted that there are deep security flaws within bitcoin itself. There are not. An exchange disappearing with user's BTC is not reflective of flaws within bitcoin. Users deposited fiat as well as BTC. When said exchanges vanished, they ran off with the fiat as well. By your broken reasoning the USD has the same fundamental flaw as BTC.