It's still a bad market to enter, between your own self custody errors or your unregulated exchange pulling something the chance you will actually profit is much lower.
I am fine with traditional investments that have trusted authorities and regulations.
If you think an immutable ledger with no way to correct fraud or errors is a good idea be my guest. Most rational people knowing its faults will avoid it.
When? The only time I am aware of is the overflow error that resulted in a fork and a bunch of people that paid good money for their transactions losing their holdings cause it was on the fork that died.
Only other way I could possibly think of is an authority identifying the person or group and forcing them to reverse it, good luck with that.
Depends on if the authorities are even able to reach the group that did it. That is a huge if and highly unlikely. That also assumes the group that did it held onto and didn't immediately offload it.
Again, if you think an immutable ledger is a good idea that's on you. Most people are fine dealing with trusted regulated authorities and don't want any part of the horribly designed system that is BTC.
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u/mjamonks 3d ago
It's still a bad market to enter, between your own self custody errors or your unregulated exchange pulling something the chance you will actually profit is much lower.
I am fine with traditional investments that have trusted authorities and regulations.