Bitcoin
Bitcoin
Out of context: Reply #349
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I am with dbloc...I've read numerous articles and I keep coming to the same conclusion...what's to stop a sophisticated group from either controlling it (I've read that this is entirely possible, almost probable), a group inflating prices via hype, and someone simply hacking the system.
No one is responsible for anything, so, theoretically, someone could take everything, all $9billion.
What is to prevent that besides this "algorithm", which, as we know, nothing is impervious to hacking or manipulation.
I do like the change of transactions and bypassing banks fees. That, I think, is a great side effect (or "competition").