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Blacklisting would kill bitcoin, if this ever happens Im the first one out the door.
We are entering a new age of responsibility. People have been coddled by state policies for so long, they forget how to exist outside of them.
If you own BTC, they can be stolen or lost and will be unrecoverable. Thats part of the deal. Its part of what makes Bitcoin great, actually.
If you cant handle that responsibility, cryptocurrency isnt for you.
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In my opinion people need to take responsibility for their own actions. You deposited with Gox? You lose when they go under.
Anytime I send funds to an exchange, I understand that these are not dollars and are not backed or protected by anything or anyone.
It is a trust arrangement between me and the exchange, and we both serve to benefit from this relationship. But if I lose my coins, thats on me.
It called being a grown up, and not acting like a baby. I feel bad for those who lost on Gox, but its insane to argue they should have their coins restored because of their bad choices.
I made (what now look like) good choices, and didnt put any coins on Gox. If people who lost on Gox had their coins "reissued" that would radically devalue all existing coins and I would probably leave Bitcoin.
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It seems that for no reason (well no reason was given) That BFL have decided to ban me from joining in an open discussion on their forums.
Oh the humanity! Let me get you a box of tissues, and give you a big hug. Poor baby. |
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so far I would have to say it's a yes and no answer. In theory yes you have tainted goods, whether its currency or not does not matter, but no most of us would not have to give it back or have it confiscated because as time goes by and users move their btc around it will become harder and harder to track.
But if you have a wallet full of stolen/missing btc, and it is traced to you, then that would not be good......
the point.....use your btc more and more.......i know i felt stupid when Apple removed btc wallets from the APP store and I didn't have a wallet on my iphone when I could have had one....but alas there is a remedy for that and so now I have BTC (small amount in case of loss)
on my phone so I can eat.....now to find a restaurant that takes my BTC
Get off that iPhone man. Bitcoin is all Android, all the time. iPhone is good for checking up on that fiat in your Citibank account, because Apple has taken what can only be called an "Anti-Bitcoin" stance. |
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hundred
thousand
million
billion
people understand the decimal place pretty well from my experience, its just where you put it that might confuse them
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No, but it could be the ultimate source of cheap coins before BTC goes ballistic
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The unbanked and disenfranchised arent into Bitcoin because its still too early for them to be, its too risky for them, they are too vulnerable to test a new technology, even if they knew about it.
When Bitcoin becomes more popular and readily accessible, these people will likely be some of the biggest benefactors. The article makes some good points, but does so in a poor way which reflects bitterness and confusion about Bitcoin in general.
I could go back in time to any number of technologies, like the internet, cell phone and say "Hey! The early adopters are mostly of XYZ race/ethnicity/social class. Email is biased towards people who can afford a college education!"
Conclusion: "This technology does NOT look like a democratizing force for good! Email is only available if you are ALREADY in college, which is already a huge advantage!"
But Im pretty sure in 2014 it pretty clear that email has been a hugely uplifting, empowering force all people of the world, not just the academics and technologists who pioneered its early use.
Anyway, websites like that are desperate for clicks, so this article, despite its misplaced moralizing, is entirely successful for them.
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They mishandled or stole from their very lucrative business, which forced them to close. Bitcoin lost a relatively small amount of its value as a result.
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This opinion is purely about a business decision to protect and save bitcoin
Bitcoin doesnt need any white knights coming to save it, least of all with you riding one. Bitcoin dont give a shit about Gox incompetence. Like the Honey Badger, it just keeps going, middle finger high in the air.  |
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Thats something like 15% of all Bitcoin in existence. Theres no way its possible they lost that much. Its not possible.
This is all unverified and until proven otherwise Im saying definitely BS, who knows how much they lost or what will happen but we need to calm down at this time.
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dump that worldcoin crap , get litecoin and bitcoin and hodl for years.
this thread is awful and should have ended after this post |
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for what, a few months? its always a good time to buy, if you go year to year you wont ever lose
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Selling now is insane, just misplaced greed trying to chase a few bucks, everybody has heard the horribly bad news and it could have been much worse, but Im sure its basically over.
Might take a while to rebound but I think any further decline would be small. Im for buying right now all the way up to $900-1000
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face to face transactions only
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1). Tapper lying to congress and getting away with it.
2). Corzine mixing client and prop funds and getting away with it.
Set aside things like Congress voting on all acts of war, your right to privacy or your right to a fast and fair trial. But the sickest part is, what Corzine did at MF Global wasnt even technically illegal. Its some fancy financial hoodwinkery combined with a huge all in bet gone wrong. It could happen again. Corzine was never charged with any crime. No laws were changed. Life goes on for America and Wall Street as if nothing ever happened. Surely nothing like that could ever happen again, so lets go back to watching reality TV and following celebrities on Twitter and shopping at Things Made in Chinamart. Maybe order Dominoes, crack open a tall boy. 'Merica! Fuck Yeah! |
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the academic community is in the backpocket of the socialism at this point
I agree you make some points but its hard to take you seriously when you offhandedly dismiss the entire academic community as disingenuous. |
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But its a trend bro. I looked at the chaaaaarrrts. Lets make moooonnneeeeyyyy  |
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You'll probably buy back in when we get back to around $1100 cause it will be obvious the all time high will be smashed again soon
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Huge number of people got into BTC in 2013 as a speculation vehicle, not as believers in the technology or with an understanding of why its politically/philosophically important.
Just Lizard brained dipshits, basically.
Now they grow weary of the joyride and might even cashout as bitter losers if the bought in Dec2013.
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