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Replying to @hradzka
The entire economy is largely based on lies and this is good actually because fractional reserve banking. /Also, BTC was largely developed to try to fix this and then Mt. Gox happened so uh...
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Replying to @poiThePoi @hradzka
"What do you means by lies and Mt. Gox?" 5% of all possible Bitcoins were stolen from the bank, so the number of believed-in BTC is 950K BTC higher than the number of actual BTC and congrats, you now have fiat currency again, woops.
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Replying to @poiThePoi @hradzka
Amount of BTC are known and the eventual total number of BTC are known. All the Mt Gox event did was transfer them from one party to another (and emphasize "not your keys, not your coins")
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I wonder if they'll ever reclaim known-lost Bitcoin and turn them into the giant stone money of Yap that fell off the boat and sunk to the bottom of the ocean, but were still traded at face value
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Ok, so people traded derivative instruments without a clear relationship to the underlying - doesn't change the fact that there will never be more than 21 million BTC
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