Bitcoin Forum

okay, the title I added, and reprinted two paragraph...


[...]

Where do you see bitcoin in 10 years – first in terms of value and second in terms of where it will fitting into both online and off-line commerce?

LakeBTC: As an exchange operator, I’m not in the position of price prediction or investment advice of any kind. It’s subject to conflict of interests or market manipulation in some sense. Our job is to make sure the marketplace is fair, efficient, safe, and liquid.

Besides, I really have no clue where the price will be tomorrow, not to mention in 10 years. If I did, you’ll see me running a hedge fund making tons of money, instead of an exchange earning a very thin commission fee here. A year in the bitcoin world is like 50 years in other capital markets. Maybe we will have a better idea when we introduce futures contracts with 10-year maturity like Euro-dollar futures in CME.

However, since I’m devoting my time and efforts to this bitcoin industry, you can tell I’m bullish overall. Blockchain is a great innovation and it surely will change the world in many ways. Bitcoin will not die, and it’s unlikely to be taken over by other altcoins. In the five years since its inception,  the development of bitcoin is always accompanied by large swings. The volatility and the speculation help bitcoin building value rapidly.

Bitcoin is more like an asset class or commodity than a currency, since to a currency, price stability of bitcoin is particularly important. Another thing is confirmation time. A possible solution is to introduce centralized payment processors to the de-centralized bitcoin system.

In general the value of a currency will increase as more and more people get to use it.  We are optimistic about the future of bitcoin as LakeBTC is committed to provide an even user friendly and secure platform for users, we are confident that bitcoin will play a more important role both online and offline commerce.

What, as bitcoin enthusiasts, should we be doing to get ourselves prepared for this future you speak of?

LakeBTC: There is a theory out there that people who know of bitcoin will love bitcoin, so we as one of the bitcoin enthusiasts, it’s our duty to speak up and get your friends to understand and use bitcoin. From time to time LakeBTC also have campaigns and give out free bitcoin to encourage new users to try it out.

[...]

http://newsbtc.com/2015/01/16/lakebtc-exclusive-interview/

should be in the press section  :-\

no words about their recent LOSS with Egopay. they lost a lot of money....

how much?

your news is very timely, at first I thought it were fake. ( but the memories now, even if bitstamp also will have an accident, not to mention egopay? )
Lakebtc seems to be very confident of their risk management
https://www.lakebtc.com/p/7334?locale=en

I don't have fake news. :)
I didn't say Lake BTC won't cover the loss. I said Lake BTC lost an important amount with Egopay and not only them. Bitfinex and others too....

no something excited, and no something specific

them claimed to have no loss

so many exchanges suffered a great loss
http://www.reddit.com/r/Bitcoin/comments/2sn8i4/bitcoin_payment_processor_egopay_ceases_trading/