Alex Dusty
1 min readNov 30, 2016

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It seems like you don’t understand what you are talking about.

Yes, goldmoney is a single institution and can be shut down if there is will. Also, the laws are not fixed and what is legal today may not be legal tomorrow: maybe you are familiar with the ban of the owning of gold in the USA in the last century?

Also, you seems very confused about the difference in hacking bitcoin (the tech) with hacking a service like the shitty mt.gox.

When mtgox was hacked, all the people owning bitcoins were not affected and could transact globally exactly as always.

If goldmoney is shutdown (or hacked), all his customers lose everything, and that’s the end of it. Fullstop.

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