Is that the owner of Bitfinex? I expected him to be Chinese since the exchange offices are located in HK. Is there a page in the Bitfinex website that shows who the people behind it are?

That would be nice to post for all the people to know.

Haha. Sure. I will believe it when I see it. Politicians tend to make a lot of promises during the campaign period and then they would break them when they have already won. If she keeps her word then I hope she will not bring more regulations that will impede the technology's growth and development.

I am wondering how big is the blockchain by 2026 and if it is still feasible to maintain a full node even with development in computer hardware. Bitcoin could be semi centralized by then or dead.

The problem is not the panic selling and the huge dump. The problem is there is no more buying happening anymore before the hack on Bitfinex occurred. I said before that I expected this to be under $600 and stay there until the end of the year. But I expected it to go under $600 around the end of August. So I guess we might see this go up above $600 for a while due to speculations but then go back down and stay there. Many of you will be discouraged by this and that will cause further dumping.

Well most of them think it is just a fad from what we are seeing. No one really picked it up after the bitcoin bubble popped. But some do see the merits and benefits of blockchains for their internal use cases. But bitcoin itself remains an outsider and an "exotic" investment of sorts.

I am very curious about this. Can anyone here explain or theorize what he will really be doing here? It would be nice to be enlightened by the more clever bitcoiners.

He is planning to use bitcoin so it is natural for him to hype his project. In my opinion he doesn't really care if it will reach $2000 or not. But the fact that bitcoin cannot be censored and can be used for his anti establishment stance, then it is good enough for him.

You do not need a bank to store your coins. You should full control of your money. But I am sure that bank-like services should be created in order to find better use for bitcoins to help society as a whole. One example is a peer to peer loaning site.

I have no problems with all my transactions and trades with them. My opinion is they are one of the safest and trustworthy operators around. Look at what happened to a high profile exchange like Bitfinex. I will not be surprised if it was an inside job.

I was just wondering how Ross Ulbricht is and if there are any updates in his case. I think it is overkill what the American government did/is doing to him. There are far more ruthless criminals that should be put to jail. One example is the banksters who caused the 2008 financial crisis. They should go to prison, instead they were bailed out by the American government. That is funny.

Free Ross.

Yes I have noticed several experienced bitcoiners welcoming the fall and seeing it to buy more bitcoins. Then I looked at the max chart and indeed it is true. the quick 1 day drops were followed by slow recoveries like what is happening right now. But I still see bitcoin could still go back down and by under $600 by then end of the year. It needs to accumulation for now.

Only sell to people you can trust when the amount is already really high. What do you expect from the random people you transact with online? Some of them might be criminals looking for their next prey. We have a lot of those on the bitcoin scene.

If you don't have any experience in mining it is better to buy bitcoins. That is the fastest way to earn it. So if you want to earn it fast and a lot. Then get a job and work hard. That's the way it is every where in the world for any currency you want to earn. There are no short cuts.

What's the difference? People are people so it would not matter who uses bitcoins. Man, woman or child whatever currency a person decides to use will not matter.

I am curious what this project is. I hope it is something P2P or something that utilizes the blockchain somehow making his project uncensorable. But maybe it will just be megaupload accepting bitcoin payment.

That is looking good OP. Will this be a regular column in your school paper. It is good that people will start young in knowing all about bitcoins. Why not also educate the people about the Silk Road story and the conspiracy against Ross Ulbricht. I am sure the younger generation will find it very appealing.

Is Bitfinex planning to pay their customers? I have been looking around online but I see no mention of them paying back their customers. This is unacceptable. They should go after the hacker, sell assets to pay customer funds and he charged of tort law. I am sure they will be found negligent in one way or another. They are like a bank holding customer funds. Their security should be excellent.

This has been what's happening in the history of bitcoin exchanges. I wonder how BitFinex accumulated all that trading volume? They surpassed more established exchanges like bitstamp.net and BTCe in volume. Could it be that the numbers they have are manipulated by them?

I believe so. But for now it will stay under $600 and it is possible that it will be until the end of the year. But the good thing is the buyer's market is approaching. So wait and see for good buying opportunities at bargain prices. Now is a good time to observe the price of BTC.

They will fold I am sure. The big question is will they pay back their customers lost funds? There are signs that this will not happen because there are speculations that they do not have enough funds to pay them all. Maybe they will pay some but not all.

Can anybody post who the owners of BitFinex are?