BITFINEX thinking about a socialized loss distribution after the 2nd August hack
From a tweet:
We are still working out the details so nothing is set in stone, however we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions. The numbers being quoted are erroneous as nothing has been decided as of yet and we are still in the process of settling positions and balances. More details are to follow tomorrow along with a FAQ answering most of the questions we have been asked over the past couple days.
Is it really a decentralized world a place when some event occur, all of sudden there are no laws or regulation to establish what will happen, leaving the power in one/few men's hands?
It's their fault for not using cold wallets lol they gonna socialize all their future profit? "socialize losses privatize profits" every evil persons/businesses mantra
Actually CFTC regulation prevented Bitfinex from using cold wallets
LOL wow what a surprise. Regulation prevented law abiding citizens from owning guns, making too much money or smoking weed which cures cancer by the way. Now regulation causes law abiding people to lose hard earned bitcoin, enough is enough. Maybe regulation and by extent the regulators should be regulated.
In the end, who will gain the most?
Dear User known as @r33drum
Steemit has a BOT problem! Your Vote Counts... Maybe
https://steemit.com/steemit/@weenis/bots-steemit-s-first-community-based-decision-on-bots-your-vote-counts-to-be-or-not-to-be-details-inside
This is quite an interesting stance on the issue.