Problem is mainstream media hack and criminal cases unresolved, civil suits ongoing, exchanges claiming they lost funds but did not steal, network I mean exchange operators being held accountable for lost coins bootstrapping off botnet filled channels with mods that can boot your nodes, fragmented networks, protocol changes leaving out old nodes that CEX may be running, cloud outages, bootstrapping non-Bitcoin networks being flooded, flaws in software (bugs), networks going offline, unplugged servers.... offline data that can come back online and re-org or augment chains.
Pretty much all these things happened, but how many times Vlad, have you talked about Yobit IXC wallets. These walled garden exchanges all have the same chat/trollboxes, RU CN connections, and well, if you can't withdraw the price gets knocked down don't it - IXC on Yobit. Also if you have only a few listings like WEX when it locked withdrawals for BTC and other coins only allowing NMC to be withdrawn, NMC benefitted from people looking to get out - but then where did they sell it? Prob nowhere it would've been a loss. Right? Idk. Too much protocol and single point of failure bootstraps and misunderstood protocol and patching. Likely not hacks, just a story of a metagame that's only reality to the people confused from the outside of the directors lounge (like me) - but you do have the ability to just think for yourself after awhile. Like DNS, these court cases and allegations are unresolved. Maybe even illegal if the Ulbricht sentence was real - but never have I ever seen such a big case not on mainstream media and sadly during that trial I watched those cable news channels. They never reported shit. I only see them in documentaries as if we all knew it was a case. They made it seem like that trial was OJ. Fuck that. I deny its reality. Highly illegal to put away a network admin with hosting in other countries. He was basically a forum admin and it had a marketplace. Big deal.
Again, just common law in US courts. Rule based off past rulings. These cases of the Internet and it not being physical meet in person type dealing - the precedent for that isn't set. It's still going to be overturned and that will set the liability precident. Putting valuations of $ on Bitcoins and heck even auctioning them off with your U.S. Marshalls? That's all legally court ordered and in our legal system establishing the court ruled BTC had x $$$ value. That's a good result people overlook. =P
You’re right on about all that which will take years to fix. Unless metanet can make it happen much faster.
I’ve brought up yobit numerous times and warned people that they lock wallets to force you to sell for very long periods. I even said it’s most likely going under. I always warn people if I see it. I warned them against cryotopia, hitbtc and xt and now I’m throwing in Hotbit. I was right about the first 3. Cryptsy fooled me cause it never got hacked I knew for a fact only Vern had the key to cold storage room and they were in the US where there’s recourse and serious prison. Cryptsy was the only exchange that I didn’t see coming. The rest even gox I knew it was an inside job - they’re all inside jobs.
Sadly, It’s a necessary act or this crypto thing won’t work on a large scale. I’ve paid more than my dues for the greater good without a big fuss so cross my name off the Hax0r list. The only fed I have a problem with is Microguy cause he made a written binding contract with us and broke it, thus leaving a fraudulent paper trail. He’s literally a criminal and he’s not above the law. That’s why I’ll keep hounding and hunting him. The rest were smart, can’t prove Jack so you just forget it.
Vlad