What if btc-e admins dump database with every email address and balance after fbi seized their funds and 51% of btc,ltc,etc. miners decide to empty fbi addresses containing stolen fund and refund the innocents?
In the end all cryptos are open source, everyone is free to modify and run the version they want so it will not be anything illegal.
This will send a strong message to US that if they play dirty the community can play dirty too.
they wouldn't do it if 20 million coins were seized, let alone a few thousand.
ethereum wouldn't any more either. this is in no way an existential threat. it's a tragedy for the people who lose out if they are seized. that's it.
This is because pools and master nodes are cancer.
There should be a coin where pools and master nodes won't work, where every one that will run a full node to be able to vote and his 1 coin vote should have same value as another user that have 1000 coins, a coin that should have a user friendly builtin vote system.
If there was such a coin gox would not have happened nor btc-e.
If there was such a coin hackers or authorities abuse won't exist.