Quote:
Originally Posted by Joshua G
fair question, i wont pretend to know. what i do know is that a currency without a central bank is not a currency, just a medium of exchange rife with fraud. so who really is sitting on all those mt gox millions that vanished?
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The thing with
Mt. Gox and
all the other scams is that we still know exactly how many
coins exist, and the only people harmed were those stupid enough to leave their money with the scammers. Whereas with your stupid currency, you don't know how many units exist, and everybody who uses it gets fleeced as a matter of course. (inflation is theft by counterfeiting).