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It is ridiculous. Do you realize that "regulation" is not really a solution? If the problem is "I cannot trust these guys", then "trust instead those guys (who
by oleganza 13y ago
It is ridiculous. Do you realize that "regulation" is not really a solution? If the problem is "I cannot trust these guys", then "trust instead those guys (who are even more opaque and more powerful)" is a joke. If we cannot trust some random competing companies with our money, then the last thing we want is to trust one gigantic monopoly with the thickest walls and all the guns in the world.
Real solution: spreading the trust. Either store your coins on your devices, or spread them in multisignature scripts (M-of-N) between your own trusted friends. Even if some of your friends defect or lose their keys, you are still safe. That's the real security solution, regardless of your political outlook. Just saying "lets vote for some cops to enforce stuff" is only making initial problem of trust bigger, not smaller.