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Old 02-25-2014, 01:19 AM   #820
MindBomber
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For arguments sake, let's assume Mt. Gox was an inside job.

I don't see what's preventing Blockchain.info from performing the same inside job.

Their trustworthiness may make it unlikely they will, but that doesn't preclude the possibility.

I want a mechanism to preclude the possibility or at least reduce the effect on individuals that lose coins, and protect all coins value by extension.

Fiat currency has such mechanisms; FDIC in the U.S. and CDIC in Canada.

Am I missing something?

I'm not trying to arrogantly argue, I WANT coins to work but this issue seriously undermines them.

Last edited by MindBomber; 02-25-2014 at 01:24 AM.
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