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RE: FULL RISK ANALYSIS OF BITCOIN
Nice summary stating the risks involve. I guess with all disruptive technology, it will always be evolving and the fact it is a currency going against the fiat, all the more it will face more scrutiny. But am sure it will come out stronger and more resilient.
Risk can only be eliminated though decentralization, or in other words if the risk is segregated. Socializing the risk is the worst thing possible to do, because that guaranteees that everyone loses in the end and makes people irresponsible so the losses will be huge.
I am growing wary of these exchanges that centralize a lot of money and allegedly work on fractional reserves, they do the same mistake as the banking system.
But decentralized exchanges come too, so yes in that aspect the risk is lowered.