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bitcoin != exchanges a bank being robbed does not make money unsafe. it makes the bank unsafe. the whole point of bitcoin was not to have these sort of things..
by vectorEQ 7y ago
bitcoin != exchanges
a bank being robbed does not make money unsafe. it makes the bank unsafe. the whole point of bitcoin was not to have these sort of things... so really it's only logical they pose a problem to the protocol. it wasn't designed with that goal. bitcoin is fine, how it's used is really bad.
- wahern 7y agoThe transaction rate of bitcoin can't support widespread use. A bitcoin-based economy would require most transactions to be aggregated through intermediate exchanges, which is exactly one of the primary functions of the traditional banking system.