Post
Topic
Board Economics
Re: Economic effects of bitcoins
by
patt0
on 06/11/2017, 22:05:38 UTC
I was just thinking that since Bitcoins is 100% on the internet, what would happen if the whole world adopts it and 20M bitcoins gets stolen by a genius similar to what happened to Bitfinex?

I don't really think that would be possible at all. The only possibility for it to happen, is if someone or a group of people manage to find some king of exploit in the bitcoin code, or on the blockchain, and with so many eyes on it I really think its impossible for that to happen. Anyway, if it did happen I don't think he would be able to do anything with it. At the exact moment some exploit is found bitcoin would lose it's value, so that brilliant mind would have gotten his hands on a useless coin.