Obtain 51%
Roll back the tx log.

What he is saying is correct, but like evoorhees said above, it's like saying that cash is reversible because thieves could break in and steal it. Obtuse.

Yes, using the 51% attack.

Banks are some of the scummiest and dishonest organisations around. Money laundering, market manipulation, anti-competitive practices and obscene dishonesty are their call sign. They are in bed with mafioso and Russian oligarchs.

Also you don't really hate banks until you've been forced to deal with them for 2 years of your life. Say for instance, if you run a Bitcoin exchange. They are absolute trash, retarded backwards systems run by idiots, retards and dickheads.

I go every so often to financial conferences. All I see around me are dumbasses in suits. I always wonder how the fuck they are getting paid so much for doing so little. They are soooo stupid. And they are obsessed with fads. Once one banker spouts a meme, it becomes a mad rage. Maybe the meme-originator will write a book with a fancy title and then be invited to every banker conference in existence for eternity while little bankers spout the same recycled, repackaged and redundant memes until another charlatan comes along. The current memes are: the cashless society (that would be horrible) and mobile payments (to the max).

They never really get Bitcoin because it is so outside of their reality. They can only have it related in terms of concrete things, and lack the ability to think abstractly. Men of the system, bound by regimentation and schedules, robotic tin-headed men of shiny simple things and boring blaa blaa are opposite to the Bitcoiner type. The Bitcoiner type is more like the conspiracy theorist who believes all people are secretly full of cynicism, hate, ... or a romantic imaginer of distant lands, worlds and eternity and genuinely wants to liberate mankind from the haughty shackles of poverty and disempowerment, or even a curious mind who sees growth-potential in a booming economy and is playfully along for the ride (and hey, maybe some profit ). To an extent I guess we're all parts of those in different doses.

Dear tinfoil hatters,

So bankers hate bitcoins huh

Fuck you. They love bitcoins and they think it's really cool.

I strongly suggest all the uber geeks to get uber bullish on Bitcoin. Pronto!

Yea, yea, I know, I've been telling this non stop to everyone for 18 month now.

But do not tell me later that I did not warn ya.