But when you elect a group of people they will gradually essentially become a government and that's when corruption comes in, then we're back to square one. "Probably elected by various exchanges", would just bring in people with corporate interests and become some sort of Bitcoin Foundation (look how well that's been going). The people who join these groups and rise to power usually have self or other business interests motivating them.

I know exactly how Bitcoin works. I don't think you know how regulation does or doesn’t work though. Although Bitcoin and torrents are based around the same principle, torrents are not a currency. Just because they haven't or can't regulate illegally downloading movies doesn't mean they can't with Bitcoin. Drugs are 'regulated' but you can still buy them illegally, does that mean they're unregulatable too? Nothing is regulatable 100%, that's why blackmarkets exists, but governments don't just let them be without trying to take them down or their cut.

And I've already said they can't regulate the protocol, but they can regulate when you buy goods or services or get paid in it just like cash. Obviously it'll never be 100% taxable or regulatable but they can't do that with cash either.

Edit:


Nice edit, but that's just a petty and pathetic attempt at a cop out for when you have a difference of opinion and can't back it up, but whatever.

You might not've had to deal with any regulations yet, but you most certainly will. Bitcoin has only really started to break into the mainstream, so they haven't had long to look at how to deal with it. Do you really think the government is just going to let us have our own money to play with? Here in the UK you already have to pay capital gains tax if you sell over a certain amount. I'm sure this is just a temporary solution to claw at what they can whilst they look at other options.

And yes, I read it, and I'm not a statist, Why is it I'm only trolling when I have a different opinion to somebody? I'm not arguing in favour of them doing it, I'm saying they will, but I guess you're one of these fuck da government armchair anarchist types who still gladly pay their masters wages, but think they've found a magical untaxable way out of the matrix with Bitcoin, right?

Mt. Goth only deals in Bitscoin. They're supposedly adding Litscoin soon though  .



Yup, it was just their pure incompetence and shoddily run business.

If you search for the address on the blockchain you can sometimes work it out or sometimes they might be signed faucet payout or whatever. Post the address and transaction ID here and somebody might know. You could also try googling the address and see what comes up.

What if it never happens? It probably wont. Why? Because people. If people had any sense there would be revolutions daily. People don't know what's good for them and they would just like to get on with their miserable lives without any fuss as long as nobody bothers them. 

Exactly. It's like people campaigning for equal rights for being a minority. They don't want to be elite or think they're better than you, they just want to be treated fairly and the same as everyone else and so they should be. Would you take the extreme opinion of a ranting and raving black supremacist and then say all these Africans activists think they're better than us and hate white people? No. People usually complain for a good reason, and so do most feminists. Most feminists do not want to be treated like poor defenceless animals, they want to be treated as humans.

They haven't said that at all. They've been talking about it for quite some time, but no decision has been made yet.


No advertiser is going to pay much for people to post on a forum that gets hardly any hits. The reason they pay so much for this site is because of the massive user base.

They'll make regulation work. They might not be able to regulate it from the actual protocol, but they'll regulate it when we spend or earn it. Governments aren't really just going to sit back and let us earn and launder money freely; they're going to want their cut.

It really annoys me how Mark makes these pointless and confusing announcements that tell us nothing and could indicate either good or bad things. He should either make a proper announcement that actually give some details or information or not bother at all.

I think this is a much better one and tells you everything you need to know: http://freemarketcafe.com/2014/02/descending-mt-gox/

This is to be expected on all mainstream media articles that allow comments. A load of technophobes and cryptobleb naysayers who can't wait to tell you I told you so to every piece of misinformation they see.

Yeah, it is a great article and probably the best and most concise on the Gox fiasco.


Well, unless you're Gox.

Or more probably "act only when forced to do so by law". They're just causing more damage to Bitcoin and the community by keeping everybody in the dark.

It's not looking good now the police are investigating.

There's another recent and related article on Sky here, but have any Bitcoins actually been confirmed missing or stolen, or are they going on possible misinformation and unconfirmed sources / speculation?

I'm not sure we can announce Gox as officially dead yet. I'd say it's in a coma and it's not looking good though  .

The last few BBC articles have actually been pretty good on Bitcoin and have either been neutral or pretty positive explaining its benefits etc.

Why do you need such a small and specific amount? I'd just either buy it or try sell something on the marketplace etc.