I can tell you all the difference between real life and Bitcoinland. In real life a powerful entity like a government presides over insurance and business with rules and has the might to enforce those rules. In Bitcoinland libertarian fantasy elves believe they can give millions of dollars to complete strangers and have them be honest without any enforcement might or insurance.
Does Neo & Bee ring any bells for anyone? Lots of people knew who good ol Danny was. How about Trendon Shavers? There's a picture with some of the key players in Bitcoinland sitting around a table in Vegas talking with Trendon in person long before he fucked everyone. Now about Nefario? He was a mod here. GLBSE ring any bells?
In Bitcoinland when people get fucked over the libertarian fantasy elves scurry into the forest while real life law enforcement is contacted to solve the issue. The problem is that law enforcement has a problem finding jurisdiction that covers forest elves.
When someone with a real conscience like John the Dong (sorry John I like your old name better lol) decides to be upstanding even when faced with a personal crisis you people still want to bitch. I applaude you John for being the upstanding person Bitcoin needs more of in-mass. Maybe you can help lead the other elves out of the forest and into the light.
Sounds like bitcoinland is more real than "real life". Your "real life" sounds like a sterilised utopia where stupidity doesn't hurt. Your real life has such wonderful things like Bernie Madoff, Obama, W. Bush, Janet Yellen, Stalin, Justin Bieber, Castro, Chavez, Maduro, TheIRS, Piers Morgan, Kim Jong-un, Courtney Love, Billary Clinton, Pol Pot, Mao, Idi Amin, and John Boehner. I've lost a whopping 3% of my BTC to scammers. I've lost 30% of my USD to scammers. The difference is, I had a option who I opened myself up to being scammed by with BTC. In "real life" my options are get scammed, or go to jail. I'll take bitcoinland.
First, your examples are complete nonsense. You're using political leaders as examples. Bitcoin is not a country it's a payment processing system that's regulated by countries.
Second, even if you believe Bitcoin is a tiny economy just like government fiat. It's so small in comparison it's like a flea on an elephants ass. Also, because of its size you can't compare Bitcoin to fiat economies unless you adjust percentages based on the size of the money supply, volume and velocity of the economy. The circulation of Bitcoin compared to say the US Dollar is so small that some individual banks dealing with dollars handle more transactions in a day than happen in Bitcoinland in a month.
Finally, if you adjust based on the above criterion you realize that Bitcoinland is a den of thieves in comparison. Clearly 7-10% of all Bitcoins in existence over a short 4 year period have been stolen. Remember,
that's a 4 year period not the several hundred years that a single countries fiat has existed.
Sell it on the road homie. John is still one in a thousand (not one in a million because Bitcoinland isn't that large) and should be praised for returning the funds even if he had no personal crises happening.
Countries PRETEND to regulate bitcoin. There is no functional external regulation exerted on bitcoin itself. Only internal (the protocol).
Should we compare the growth rate of the USD economy vs the BTC economy? Comparing the absolute size is intellectually dishonest.
Fiat is a government sponsored den of thieves. Over 100% of all USD has been stolen in the form of tax. Each and every dollar ('cept the shiney new ones the FED is printing... which are stolen value simply in their creation) has likely been stolen over and over and over. That is the purpose of fiat currency. You gotta be a kool aid drinker to not see that. (see, I can logical fallacy too, homie)
