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The ability of the government to freeze your bank account is based (to some degree) on a consensus (or at least tolerance) of the people in the country that the
by dorgo 9y ago
The ability of the government to freeze your bank account is based (to some degree) on a consensus (or at least tolerance) of the people in the country that the government should have these powers.
Same is true for crypte-currencies. If some hacker manages to steal a big amount of money then (almost) everybody agrees to make a hardfork and the hacker looses his money. It is more decentralized and the hacker could keep some part of the money if there is a side chain.
Hacker scenario already happend. But there is no need for a crime to happen to cause a tokens redistribution. If 80% of all token holders (miners for bitcoin?) are poor what stops them from redistributing the tokens of the rich token holders?