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22/12/17
14:44
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Originally posted by Kablooey
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How can anyone hassle bitcoin etc?
I mean it’s totally unregulated, unsecured and has a potentially unlimited supply, ( while the ‘work’ it can perform is obviously a fixed, slowly growing value therefore restricting real demand to normal patterns ), with a major ‘exchange’, ( you know- one of those sites using the word exchange to try to make it sound remotely legitimate ), collapsing saying that at least 1/4 of its customers will lose all their money....
How can anyone hassle it?
Maybe some have noted the above and also heard of the 650,000 bitcoins stolen a few years ago- even today that represents a big chunk of the total bitcoins on offer- but I bet the ‘exchanges’ don’t mention that little gem, do they?
How, oh how can anyone hassle it?
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So these exchanges are trading stolen goods? I thought appeal of this was the blockchain prevented theft!
So you do a legal transaction on a property sale and record it in the blockchain and the property can be stolen similar to the 650k bitcoins?