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All of these darknet markets eventually turn out to be scams .. why wait around for the police to raid your house when you can simply steal a couple million dollars and vanish? simple logic, folks
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Why would they want people to withdraw their coins? They made plenty of money by STEALING the coins and reselling them to Second Market and Tim Draper lol
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No. If it was risk-free everyone would do it ..
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well, if I was a central bank, I would buy up almost all the bitcoins out there .. watch the price rise over a couple years then dump the whole lot, crashing the price and completely destroying faith in the currency
if I was the NSA, I'd simply launch a 51% attack
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when are people going to learn not to store funds in online wallets? ESPECIALLY not a freakin' darknet wallet .. ugh
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I own bitcoin-related websites and services .. thats how I earn my btc
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Regulation just means some people will flock to unregulated networks (like my own ..) .. So it is hardly the 'end of bitcoin'
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sounds like an interesting project .. genetic algorithms/neural networks are my speciality actually so contact me if you want to work on something like that
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he's off to jail for a long time for the terrible 'crime' of bitcoin trading!
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OP sounds like a baby crying .. all of us wish we had gotten into the game in 2009!
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awesome publicity for bitcoin , but I do NOT think this article had any effect on the price increase. As always, the price goes up and down almost 100% due to manipulation by TRADING BOTS on the big exchanges.
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lol the OP is smoking crack. LocalBitcoins is a decentralized exchange, and it works fine.
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bitcoin could easily hit 10k/coin in a couple of years .. a lot will depend whether merchants like overstock keep dumping it on the open market, or if they start hoarding. because if big merchants begin hoarding, all bets are off. the price could hit 100k/coin, or even more. Shortages of bitcoin on the open market would trigger a panic and create the biggest bubble the world has ever known.
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lol another day, another mining scam .. these cloud mining companies are almost all ponzi scams. The first people in make some money, everyone else loses. Same old story ..
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I wonder if Ulbricht will get any royalties from it. I'm guessing NOT
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No, this can't possibly crash the price lol .. the market has already factored these coins into circulation
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Stanford is the first university in the country to offer a Bitcoin course ..
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I wouldn't be surprised if the government shut down LocalBitcoins soon. They support the big compliant exchanges like CoinBase, but we all know that LocalBitcoins isn't on the list of government's favorite exchanges ..
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'Poor people cannot currently rely on bitcoin'
>> Bitcoin derivatives (futures, options) are likely to solve this problem, making the price much more stable. In any case, 'poor people' in developing countries would still do better to rely on Bitcoin than national currency, considering that currency like Rubles or pesos can plummet overnight just like Bitcoin, but ALMOST NEVER does a currency double or triple or quadruple in value!
'Lack of transaction reversals'
It's a good thing, not a bad thing, enabling merchants to accept BTC with no risk. Shows Bill Gates does not understand the real benefits of Bitcoin.
'Potential Anonymity'
Bad for governments, good for the people. Gates is obviously on the side of big government.
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