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Message
3
Posted on 4/4/13 at 11:48 am to Lsut81
quote:
Great, so everyones fake money is still good?
That's what it sounds like. I'm so relieved.
Posted on 4/4/13 at 11:54 am to Lsut81
quote:Everyone except for the customers of Instawallet who lost an estimated $4.3 million of their money yesterday when Instawallet was hacked and the hackers made off with their bitcoins.
Great, so everyones fake money is still good?
Instawallet has shut down for 90 days (or, "indefinitely" depending on the story) while it sorts out whose bitcoins got compromised and whose money is safe. LINK
So even if a customer's money is still there, their account is frozen for 90 days and their money is unavailable to them.
Posted on 4/4/13 at 12:04 pm to Lsut81
quote:
Great, so everyones fake money is still good?
I think so, it's just worth a little less.
As for calling it "fake money"... isn't the vast majority of our money just numbers on a computer somewhere? The only difference is a government says one is valid, and a completely open and transparent program says the other is valid.
Isn't money "real" as long as someone, somewhere is using it in exchange for something else?
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