Quote from: smoothie on August 08, 2016, 07:48:58 PM

Quote from: Thatstinks on August 08, 2016, 07:10:21 PM

To me it sounds like an exchange that answers to no one decided to just steal 30%+ of it's customers deposits and replace it with a made up garbage coin and an iou. Likely no hack ever occurred for real.

Nice, no regulation you say, now you pay for it! Bitcoin has it's flaws, huge one's and this a perfect example. You either want regulation or you don't but you cannot have your way and feel the gov. or authorities owe you something as well.

How is that a flaw in Bitcoin?

If you want to spend a btc most of the time you need to turn it into cash. You need an exchange .

And btc won't fork to stop a big theft.

So even if you keep a hundred coins on your safe client every exchange to cash involves a risk.

And that is completely to fault of btc. Since as shown by eth and etc a large theft can be stopped.