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citation: see bitcoin /snark But seriously, it is difficult to not approach the question with sarcasm as it is so self-evident. Put yourself in the shoes of o
by lingben 13y ago
citation: see bitcoin
/snark
But seriously, it is difficult to not approach the question with sarcasm as it is so self-evident. Put yourself in the shoes of one of the hundreds of people who lost their bitcoins via the Mt. Gox fiasco and ponder your own question anew.
- cobrausn 13y agoCalling it a requirement and then saying it is self-evident because it's something you require and imagine other people do as well doesn't actually make it a requirement. A lot of people are perfectly comfortable with some amount of risk, and those people use bitcoin. It's not like legal tender is going anywhere, despite what some dreamers may say. Disclaimer: I own zero bitcoins.
- deleted 13y ago[deleted]
- figglesonrails 13y agoI fail to see how this is any different than people putting money into bank 1000 years ago and a bank robbery destroy their wealth. Isn't that a perfectly accurate description of what happens when an exchange gets hacked? Isn't that more or less what happens when a bank makes bad investments and loses your money, so that when everyone attempts to withdraw at once (bank run), the bank collapses [assuming no "FDIC"]? As far as I'm concerned, the biggest problem isn't "regulation" or "central authority" or "is bitcoin currency?" it is "who takes the loss when sh*t hits the fan?" In the bitcoin world, the winner is YOU.