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Another Exchange got hacked .

The fractional reserve system is credit policy...not the money...different things. Your distrust of it is well founded. Of course, so is the distrust of any money based simply on "faith" instead of being backed by something of concrete worth. Manipulation of money has existed since money has...

Well, someone obviously invented and can control it...but we should all trust him right...no back door could possibly exist...he would never want to profit from this scheme...he would never manipulate anything ofr his own benefit...what a Saint...

so...BC being international...who insures it? World Bank?...or is it just gone when it disappears? Being only stored in your own computer, when your pc fries you've lost all your cryptocoins, cause they aren't stored on a server? With over 700 crypto currencies available it gets a bit...