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I believe it.

> You would expect the original architect to confess to being involved and then deny it hours later.

Yes. Yes, I would.

We are talking about the anonymous person behind Bitcoin. I would put absolutely NOTHING past the original architect. Honestly, I would expect nothing else.

It is eternal, as long as you have the system and the software that it was created with.

This can be said for all sorts of things, from the Commodore 64 to Keynote. If you want to be able to access the data on an NES cartridge you are going to need special hardware and software. Yes the ROMS are available now online, but that's only because someone with the hardware and software made it available to others.

This is the nature of proprietary formats.

Not anymore. Now you can get an individual policy that can't be terminated and the price is fixed based on age.

A lot of it has to do with the bubble economy. A bubble economy doesn't create substance, it just focuses on returns. Ever since the bailout, money has been cheap and "tech" showed some of the best returns—second only two developing markets.

Google and Apple have record revenues and profits and are propping up everything else. Everyone, including Facebook, thinks they are going to be the next Google. And as long as money remains cheap, it will keep flowing into tech without bounds. You look at a company like LinkedIn—a company with a P/E near 1000—and you can see is clear as day. Even sustainable businesses like Amazon have had their stock price inflated through the roof with cheap money looking for a good return.

When the bubble pops things will reset in the Bay Area. Money will go somewhere else and only the companies which have real businesses will survive. Right now, money is still cheap. Investors will continue to invest in cool apps, and public companies will continue to purchase those apps with funds from the people's retirement to stay relevant. Just like with every bubble, the person on the hook at the end of the day is the average citizen.

There are plenty of repair shops. Going to a dealer for service almost guarantees that you will pay above market price for both parts and labor.

You are about to witness the same exact thing as what just happened in Iceland—a massive ponzi scheme.

Today it's transaction malleability. Tomorrow it's something else. Bitcoin is an experiment. Those seeking to turn it into a ponzi scheme are pretending as if it's a reliable currency or investment.

Their is no accountability in the Bitcoin ecosystem.

If you transfer your coins anywhere you should consider them gone. The only "safe" coin is a cold storage coin. The second it goes hot it's at risk. The second you send it somewhere it's at risk.

Whether it's Silk Road or MtGox or whatever comes next, this will happen over and over again. People will spend their time either trying to exploit someone else's system or creating the illusion of trust in a system which they plan to exploit. The next MtGox is already out there.

This happens with dollars all the time too. But we hold people accountable. We have a number of ways to reverse transactions. We have insurance.

Maybe they didn't screw up. Maybe they just cashed out.

I'm sure it will happen again. And again. And again. And again.

The ponzi never dies because no one who participates every believes that _they_ are the one who's going to get screwed.

There is a lot of irony to be had in the world of Bitcoin. From security to stability to manipulation.

You don't understand it because it's beyond your comprehension, Morty. Because the world is full of idiots that don’t understand what’s important. And they’ll tear us apart, Morty. But if you stick with me, I’m gonna accomplish great things, Morty. And you’re gonna be part of them. And together, we’re gonna run around, Morty. We’re gonna- do all kinds of wonderful things, Morty.

Probably not.

I can recut this video and replace it with scenes from Los Angeles, Oakland, Chicago or New York. Just show some clips of police brutalitiy and say, "Our politicians are corrupt."