Okay, let's turn this around. To the degree you have placed any faith in bitcoin, you have done something like hiring a coder to run the FED. To me, this is analogous to hiring Bernanke to write the code for bitcoin. Here, everyone would be outraged by the latter, but not the former. Why? Because the people here are largely coders.
Well, no, that's not quite the issue. The issue is that any product, invention, etc, in order to be trustworthy, must be created by one or more people such that the collective skills encompass everything needed for the project.
I take issue with Thomas not being a programmer not because I am a coder, but because we are talking about a product that is software. An economist running the Fed is fine. A coder creating a crypto currency is fine, if and only if the coder also knows enough about economics to create a viable monetary policy.
I was recently approached for some circuit design work, and the project is partially power conversion, and partly digital/logic. I'm experienced with logic circuitry, but not with power handling. I thus am not doing the work by myself but am picking up someone who knows more about power circuitry than I do to assist. The resulting circuit will be fine, because all required skills are represented by the creators. The last circuit I was paid to design I did myself, because it was purely TTL-style logic functionality and I don't need help with that.
Thomas may or may not understand monetary policy, however, because we are talking about a product which is in large part software, and usable almost exclusively with computers, a degree of programming and computer skill is required for faith in the end product. Thomas, by his method of generating his personal profit pile, has proven that whether or not he understands currency, he does not understand the mechanics of the currency he released.
I wouldn't give a flying fuck if Thomas was a professional mime, as long as he could both code and understand advanced economics. Whether or not he understands advanced economics? I honestly don't know, nor do I claim to. The information I can directly observe does not say either way. I won't accuse him of not understanding economics because I have no basis whatsoever to make such an accusation. I do, however, have a strong basis to accuse him of not understanding programming, and I do have a strong basis to accuse him of not understanding how ixcoins function. If he was a brilliant programmer but I had strong evidence to show he didn't understand economics, my conclusion would be the same:
Ixcoins is not a product we can rely on because the creator lacks the necessary skills and knowledge and has proven this.