Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf]
by colordrops on Saturday December 09, 2017 @03:35AM
(#15884902)
> You think Bitcoin is a decentralized store of value? Tell that to all those people whining about the Mtgox bankruptcy proceeding
That is a gross misrepresentation and a misunderstanding of the point of a decentralized store of value. "All those people whining about the Mtgox bankruptcy proceeding" were not using a decentralized store of value. They were using a centralized broker that handled things for them. If they kept their own private keys and managed their coins directly, in a decentralized way, they would be still whole today.
That is a gross misrepresentation and a misunderstanding of the point of a decentralized store of value. "All those people whining about the Mtgox bankruptcy proceeding" were not using a decentralized store of value. They were using a centralized broker that handled things for them. If they kept their own private keys and managed their coins directly, in a decentralized way, they would be still whole today.