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Comment by koolba | Hacker News Reader

So who eats the loss for this?

Every owner eats a tiny bit of it with the downward pressure on value caused by the artificially increased supply. Also, decreased trust reduces demand pressure further lowering value for everyone.

"In a decentralized economy, one person's mistake must be distributed to the collective."

Hackers rob the mortgage downpayment you made with Bitcoin, said platform gives everybody an haircut because platform provider won't take responsibility and claim it's the cost of decentralization without really understanding the responsibility of the platform still falls upon the main facilitator.

What a great new thing decentralized economy is, everyone will be dying to get in on the action!

It's not really a tiny bit... ~30% of the networks value was fabricated.

And every coin owner took a tiny bit of that loss.

The currency is down more than 12%.

So they've made 18% value huh?

I wouldn't call 30% a tiny bit. The presence of 30% more coins robbed everyone 30% the value of their holdings via dilution.

If estimates are accurate that 25% of all Zerocoins in existence were artificially (I mean, even _more_ artificially) fabricated, then that dilutes the value of everyone else's legit coins by about 33%.

Hearing the 410BTC value estimate of those 25% is a bit surprising. I wouldn't have imagined them having such market capitalization so quickly.

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