[toomuchtodo]

> Where is the FDIC insurance? Exactly what are they suppose to tell the police? The FBI? ... oh thats right, nothing, because they are not a bank, and the only thing "stolen" was some ones and zeroes of a hard-drive.

This is a slippery slope. How do you think the Federal Reserve pops money into existence before they go on a QE tear? The bits ("ones and zeroes") pop into existence in their account, and they start buying assets/mortgages/whatever.

Currency only has value because of the shared belief that is has value.

[fnordfnordfnord]

>nothing, because they are not a bank,

Are you implying that a bank would somehow be held accountable for breaking the law or ripping people off? Since when?

[toomuchtodo]

My rebuttal to the post I replied to was that all currencies are ones and zeros now. The "> " was me quoting their post.

[fnordfnordfnord]

My mistake. I'm on mobile. I rarely comment on mobile.

[baddox]

It's possible with a small bank.