Post
Topic
Board Economics
Re: Economic effects of bitcoins
by
Ctn
on 18/11/2017, 10:50:26 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?



Nothing that genius will be caught in seconds of matter because bitcoin still stays on the internet and he can be tracked down from the addresses that he use. I mean the whole world will watch the transaction being transferred from the hacked server to one wallet or whatever he might be using at the time of hack.


Thats the first thing where he will be getting billions of eye witnesses, (LOLZ) and then where he will put that much of money? Probably he might start transferring the money to fiat and send the money to bank? So there we are we can watch that wallet and track down the person with KYC docs that he provided to the wallet.


IF the wallet is anonymous then we can track down the bank and obviously bank will cease the money as whole world watch the money flow into them. Done your hacker is hacks now!


Not that easy pal!