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1  Bitcoin / Bitcoin Discussion / without regulation of those exchanges, btc will never be in a high price on: March 13, 2014, 07:38:12 AM
it is a joke that lots of guys here are preferring mtgox than supervision.
Could any one show an evidence that btc will be destroyed by supervision? I guess no.
The only way now to push a Higher price Is by the exchanges, and without stability and trustworthiness, no one could ever guarantee enough trading to keep a good price.
Why they are jokes? The real aims of people here are not making contributes to btc, but only earning more money, however they deny those regulations to keep exchanges transparent. Since they won't contribute btc evolving more to the real economy, it will just be a logic deadlock.
In fact, every exchange is mtgox. I never trust any moral discipline of an exchange. These are things only related to humanity, not capital. Such a disorder of exchangeS, as they will eventually keep a higher and higher gate to normal people, will kill tradings, the best thing in raising price of btc
2  Bitcoin / Bitcoin Discussion / It will be quite a simple way to destroy all the possible bitcoin exchanger on: March 03, 2014, 05:22:27 PM
Once, the stolen bitcoins of MT.gox are appeared on any of the exchanges, and I am sure by using blockchain, it will be quite easy to trace the stolen coins. They will face a strong risk of being closed or suing to be closed of selling stolen properties, which is not allowed by any government. P2P torrents and videos, musics, documents could be shared without contact of money. But btc exchanges are different. They have to deal with dollars or other cashes, they can't just simply throw their servers into air without connecting to the real economics. Without the exchange, btc will loss its most important way to rise its price.
3  Bitcoin / Bitcoin Discussion / The real lesson the community should learn on: February 28, 2014, 08:45:43 PM
All the lessons, like to store the btc in cold wallet etc are jokes.
Do these people have ever read the article, "Bitcoin: A Peer-to-Peer Electronic Cash System"?
If they don't, just follow the first several paragraphs.

We try to build a electronic cash system. CASH SYSTEM, Yes. We just buy the btc and store in the cold wallet until the price rise. Do they ever noticed why the BTC will rise in price compared with dollars? 2 reasons:
1 How much BTC involved in as a CASH?
2 the level of trading in such exchange companies like GOX.

What are the factors might influence 1:
BTC's price and liquidity. But what influence these 2?
Exchange Companies!

If BTC wants to develop, Exchange and relevant agencies must be strong and transparent. Strong could be supported by trading and its real economy. But buying btc and store? Such behaviors could hardly help the exchange companies and their liquidity. But are these companies trustworthy? No! Not at all. Who will be next GOX? We have no idea. Because the untrustworthy of those companies, the liquidity and price will be damaged, but BTC are still counting on them to rise the price? This is a logic error. So transparency is important. However, in the BTC logic, it is hard to accomplished. No one should has the power to supervised BTC, or it lost one of the most important properties, anonymous. With explosion of GOX like companies, they are just about to take all the BTC away in their system, are normal citizens who do not search bitcointalk and don't know how to generate wallet, willing to buy BTC? Since the old player already freeze theirs. Will those real economic accept such a cash, that people won't use it but only store it?

P2P is revolutionary, but money is not. BTC is designed as a cash to replace money on the internet. But on the winding road to achieve this, it must be associated with money a lot! Idea is so fascinating, but no one is willing to do so. DO EVIL is a free option during the BTC world, not about trading with drugs, weapons, but those GOX companies, and those smart players frozen the liquidity of BTC.
4  Economy / Service Discussion / Re: Hackers stole the whole bank, that's the worst situation in BTC on: February 25, 2014, 07:52:52 PM
Was mtgox really that stupid to not have a cold wallet? And they didnt realize that their wallet was cleared? Thats somewhat unbelieveable to me.
It is not just simply a tech problem. They have already caused problems, but these problems lies in one of the processes of development of btc. Now almost the only force to push btc is those banks, but those banks are without any support from real economy, if they disappear, they do disappear. That's why any tech problem of btc will cause horrible influence. Mt.gox has much further impact. And no one or no organize could ever audit what those banks. Companies could do whatever they could with those btc and dollars stored. Mt.gox was just one horrible case emphasizes btc holder's mistrust.
Without banks, btc could never reach a high enough value to be accepted by real economy.
Just one company did wrong, it will extinguish btc's confidence for a long time.
5  Economy / Service Discussion / Hackers stole the whole bank, that's the worst situation in BTC on: February 25, 2014, 06:42:59 PM
Mt.gox's situation hurts. It hurts btc community.
Hacker is stilling entire bank, which is far more serious than individuals.
Sadly enough, there are always smarter guys here in the community laughing at those people who stored their money and BTC in the mt.gox or without using a private key.
What banks mean to a whole community? btc's price is just depending on those banks like mt.gox and how btc is important during the reak economy. These are basic properties of btc. But banks mean more than simply trading btc.
What does a bank means to a country, which is a traditional system of currency? it might be the easiest and fastest and safest way that normal citizen(not those smarter guys I mentioned)'s money could contribute the whole system of currency. Once the banks failed, almost the system of currency is in huge danger. We know what Argentina just happened in the last several days. The final solution, is that people there could freely exchange US dollars, another currency to keep some of their assets. But who paid for Argentina? Japan and some emerging market, their real economy.
But BTC, and its banks, like mt.gox, they failed. All of the BTC are gone. There will be not any agency which might compensate people suffered in the system. This is a overwhelming force to destroy all the confidence of victims and potential capital.
It is a logic problem. All the banks, like stamp, btcc etc is not safe. Anyone who buy btc should store in their private wallet. So, those banks, lost their most important property, a two-way entry. They are lowering to trading places.
But, without bank, "Stupid people"(they don't know what is bitcointalk.org, they don't know how to search here, and they just read the total wiki page of BTC), will never enter this system. BTC becomes Commodity not currency. The whole BTC will be just something between miners and traders without the importance of bank.   
I saw no hope that the community would overcome this. If foundation and other banks already knew mt.gox will final be insolvent for quite some time, as those smart guys predict several weeks ago, BTC community becomes a joke. Who contributes to them, are just those people trade and store their money or BTC in the banks. But foundation and other banks don't give a fuck of the huge loss. However, It is understandable, for they cannot insure their safety from stolen either. They are under the same shadow. Such statement is just a joke.
This is always a logic problem, which could not be solved by simple techniques.
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