Its doomed to fail if every bitcoin related businesses gets hacked. After the recent hacking incidents im losing faith
"hacking" of the exchanges will stop once the owners back their bussines with their own personal funds. transparent ownership and bussinesses would stop all this.
Were long way from worldwide acceptance, but if that is to come, all those dreams of 100k / bitcoin might come true, like it happened with 100$ dream not do long ago.
cheers
What does this sentence actually mean? Does that mean every business present should reveal their owners and tell to the world that their business are backed by their own personal funds? Would that create some exception for them not to be target by criminals?
i wrote hacking in quotes because i don't believe they got hacked in the first place. They can say whoopsie we got hacked, while they can freely walk away with your bitcoins.
Clear ownership and backing with their personally property would make them think about their security better, and also stop robbing themselves.
That doesnt mean they will be target of criminals, if that was to be true, none of the global firms would exist.
Hope that clears it up a bit.
cheers