Re: Most Bitcoin will be clawed back due to widespread theft
How much theft occurs vis credit card ? Billions. And how much of it is ever reclaimed by the banks - very little.
All of it is recoved via chargebacks on the merchants.
The issue at hand was the traceability of individuals behind fraudulant but transparent transactions.
Not how unscrupulous banks recoup their losses.
You are correct that Bitcoin millionaires have more to fear than Bitcoin paupers. Economy-of-scale favors going after the larger of the culpable.
Orthogonal point is the NSA+bankers have no incentive to prosecute when they can solve the problem by putting it on the merchant's back. And its their legal tender system they want to keep in power.
Whereas, crypto-currency can't be charged back and it threatens their power. So they will apply more effort.
.. you are discounting the degree of tracking and cooperation that the G20 is doing and planning to do, in response the $150 trillion debt implosion coming and the need to confiscate all wealth to resolve this debt.
Are you worried Anon, that the IMF are gonna come looking for their 10% out of the Anonymint households rather large stash - and what with BTC not being totally anonymous you are going to have to look elsewhere for a safe haven for your hard earned loot
?Indeed I will look else where for a safe haven and a system which works better for users at preventing fraud. But I am not too worried about the tiny amount of Bitcoins someone gave me to distribute to charity. Btw, I paid out cash here in the Philippines to victims and have all my receipts.