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Most legal fictions can effectively be regarded a scam, if enough people don't buy into it(and by those who don't buy into it). MtGox & Bitfinex & the Satoshi
by tunap 5y ago
Most legal fictions can effectively be regarded a scam, if enough people don't buy into it(and by those who don't buy into it).
MtGox & Bitfinex & the Satoshi mystery should have been enough to end cryptocurrency's future as a security instrument. They weren't. There's more than 1 fool born every minute, I suppose.
- selfhoster11 5y agoSeeing the Satoshi mystery as a discrediting factor points to a genetic fallacy, doesn't it? Does it really matter who made it, as long as it is open? I am aware of the pre-mined Satoshi coins, but it's perfectly possible that the key to those got lost forever by now if they weren't explicitly designed as a pump & dump/kill switch for Satoshi's benefit.
- tunap 5y agoNot really, IMO. Knowing the actors in a scenario often illuminates more than the declared intentions & motivations. I can't help but refer to MS's embracing Linux, for example.