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by mimixco 2724 days ago
An exchange is not Bitcoin. It's well known in the crypto community that exchanges are the weak point in security. The fact remains that the Bitcoin blockchain itself has never been successfully hacked and no Bitcoin has ever been stolen from the chain. That's pretty good security if you ask me.

As for governance, the OP says central oversight is necessary. This is an opinion, not a fact. All other altcoins have some form of centralized governance. I would argue this a root cause of their failures, not an advantage.
1 comments
jraedisch 2724 days ago
Imagining more and more people buying into Bitcoin in the future, there could develop some form of global governance, e.g. because it is becoming "too big to fail".
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mimixco 2724 days ago
No governance is necessary. That's the point of the design. It's also worth pointing out that Bitcoin never had an ICO, the origin of so many crypto scams.
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