What on earth makes people believe those numbers on the screen are anything but numbers on their screen?
Funny you say that...you know all the money in our banks is all just numbers on a screen too. The actual cash simply does not exist. If everyone in the US went to the back tomorrow and asked for just 3% of their money, the banking system would crumble.
Thanks to "Bitcoin: The End Of Money As We Know It" for that tidbit of info, it's a newly released award winning doco that I watched today. Very interesting - http://theendofmoneyasweknowit.com/ (best 0.02BTC i ever spent...except for the funds I've put into scrypt.cc of course!)
I guess the whole financial system is a scam too Cryptodevil, why aren't you out warning everyone to stick their money under their matress so the scamming Government doesn't take it?
False equivalence.
Firstly, the 'whole financial system' generally has to maintain strict compliance and auditing regulatory oversight. Whether we like the rules they are playing by is one thing, but as long as they are playing 'by the rules' of their industry in terms of management of theirs and their customers funds, then any protestation you might raise as to how the traditional financial system operates, requires that you challenge the industry to change the rules to better serve the public, something that decentralised cryptocurrency and blockchain technology will no doubt force them to do in the long term anyway.
Secondly, when I reference the fact that the numbers on the screen don't actually relate to anything tangible, I clearly mean in terms of there being a direct link to a blockchain whereby scrypt.cc couldn't forge the trade and transaction information.
But, then, you either knew that but chose to ignore it in order to make your fallacious false equivalence, or you don't know that, which makes you an ignoramus.
So which is it?
