Exactly and by hardforking the system shows, that it cannot be exploited.
The system of laissez-faire, that you are dreaming of will always be exploited - even if you meet your peers on the street to exchange some coins, what will you do, if they bring a knife to trade with you?
It shows that there are no consequences for the people that made this possible.
Which is why it will happen again.
Mintpal will carry on.
People will still daytrade and leave massive amounts of coin on exchanges.
No solution will be sought because look "we solved the problem.. all you need is a fork!"
The thieves have not lost anything. They did not have anything to start with.
Forking is not the solution. It is a a bandaid on cancer.
It is scooping out water from a sinking ship instead of fixing the hole in the hull.
P.S buy4crypto: if you believe fiat is necessary for the future, then I think we will have to agree to disagree
I think having all money tied to the power grid is scarier than centralized currencies.
1 comet comes and knocks the grid offline, how many 51% attacks you think could occur?
I prefer having a system where you have the ability to use both.
Im not talking today, or tomorrow, but if its the future, it would happen at some point. Surely a pure online currency reliant on a power grid system of trade is not the way.