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I have no idea how switching to bitcoin for currency would prevent Enron.
by tedunangst 8y ago
I have no idea how switching to bitcoin for currency would prevent Enron.
- salawat 8y agoI'm not saying it would. I was using Enron as an example of a case where people ended up losing a ton of value in terms of life savings disappearing. Bitcoin if anything exacerbates the "poof' likelihood of value.
- dragontamer 8y ago> I'm not saying it would. I was using Enron as an example of a case where people ended up losing a ton of value in terms of life savings disappearing. You mean like MT. Gox? Because people are still losing tons of money over Bitcoin.
- redisman 8y agoOr something like a bank run. If everyone started cashing out their BTC then.. the price would crash. I guess you'd still have your 0$ in the real world bitcoins as consolation.