[SeekAndFind]

RE: Yep. This is how a monetary system should work. If an exchange mismanages money it fails and dies. It doesn’t get propped back up with tax payer money.

Think about it... you won’t have any trust in any currency... the single slightest rumor ( true or false ) will cause a run on the currency.

You’ll have massive inflation and deflation weekly or even daily.

[miliantnutcase]

That is what cryptocurrencies are currently facing, that's true. However, I think it should be allowed to play out to see where it goes. Deregulated banks have typically been safer than their counterparts. It's current limits are growth, since it cannot expand at a rate needed to be a major currency. Bitcoin will probably die out, but right now there's hundreds of others being developed with lessons learned from it.