Comment: You want your answer in a nutshell? (Score 1) 599
Then here it is:
"We've always done it this way."
Honest, I swear.
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Then here it is:
"We've always done it this way."
Honest, I swear.
It isn't the amount, it's the sheer amateurishness of the operation and the subsequent loss of trust.
Banks, exchanges, and other monetary systems, including currencies themselves, can only function when there exists an implied trust that the system will continue to function, and do so reliably. A loss of that trust is what causes bank runs, hyperinflation, and economic collapses.
Bitcoin has destroyed that trust. They're toast.
To understand a program you must become both the machine and the program.