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On the plus side, Bitcoin isn't regulated like a nation-state's currency, and the vast bulk of fiduciary institution law that nations have doesn't apply (or sim
by fixermark 13y ago
On the plus side, Bitcoin isn't regulated like a nation-state's currency, and the vast bulk of fiduciary institution law that nations have doesn't apply (or simply isn't applied) to Bitcoin exchanges. So when a mistake like this happens, nobody has to go to jail.
On the minus side, $50,000 of innocent people's money just got stolen, and nobody is going to jail.