Quote from: redsn0w on August 11, 2015, 04:15:18 PM

Quote from: spazzdla on August 11, 2015, 03:47:11 PM

Quote from: ransomer on August 09, 2015, 09:14:57 PM

Imagine a wallet (hot or not) becomes the market leader and more than half the existing bitcoins are stored there.

Then imagine it's security is breached.

If this happens at a time when bitcoin has been mass accepted and it is a dominant currency to store wealth in world-wide - then a criminal could be in possession of half the wealth in the world.....

Sounds surreal and could not happen in a FIAT system.

Oh yes a system where .0001% of the population are the only ones that are allowed to create money and have the police and armies all over the country bought out to ensure their power....

OH YES WHAT AN AMAZING FIAT SYSTEM WE HAVE....

What happens when the gov decides to just randomly debase your currency 50%? Or print 1000000x more of it?

WHAT HAPPENS THEN RANSOMER WHAT HAPPENS THEN?

Can we fork back.. NOPE WE CANNOT, Can we make our own ? NOPE WE CANNOT.

But you can always leave....

How could we? We have deeply involved in the fiat dominating economy! We need to use the printed money to pay for our food and living, get paid from our jobs!