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.
It's going to be the end of crypto.
It has been debated on every hack, it has been debated on the last FBI auction.
By doing this the miners will act like a central bank so it will set a precedent.
Who will be next?
If there is 0 anonymity, 0 protection against hackers / authorities abuse, if all coins are more centralized and more corrupt than fiat what is the point in using them?
If 51% attack from thieves can steal coins why 51% of honest users cannot make justice? Double standard.Just like in fiat when sh1t happens the only one who lose is the average user.
Cryptos not only are copying fiat, they become a disgusting version of fiat.
I'm out.