65: Daddy
from The 4B's Hosted by Four Bitcoin Plebs
Pod 65: When someone purchases BTC who holds the cash? What happens if the government outlaws BTC? Who monitors and regulates BTC? If there is a massive digital warfare event what happens to BTC if they disappear Currently there is an 85k government backed guarantee on Bank Accounts, what is the BTC guarantee? If the companies that buy and sell BTC go bust, how do you complete transactions Is it possible to lose all of your money without any help and support? Couldn't new technologies currently developed will make Bitcoin much less secure in time i.e. new computers with immense power What happens if people just stop buying BTC? Surely it becomes worthless? People need to use money they don't need bitcoin and there lies a problem? Someone at the top is making a fortune out of this and they seem to be untraceable
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