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Public exchange is not feasible.
The most important principle in Bitcoin is decentralization.
Anytime you have a group of people (you can call yourself "public" whatever) trying to establish control of something, you violate the number #1 principle.
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This is so dumb that it gives me a headache. FIAT money is made up! Lehman Brothers was a much, much larger bankruptcy. Without all the bailouts (which were done via making up trillions worth of fiat) most banks would not exist anymore, right now. BTC cannot be made up, that is why a bailout is not possible.  What? FIAT is made up and so is Bitcoin. Difference is FIAT can be made up beyond the initial supply and Bitcoin can't.. |
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I don't think I agree with the OP's perspective. $2500-$3000 in 8 months? Not likely.
Not taking sides, but early last year when the price bounced from $12 - $15 to $40, did you expect it to hit $1,000+ December? Not likely. Dream on. |
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You could say the samething about paper money. One exchange, or even all of them, is not Bitcoin.
It doesn't matter what you could say about paper money. Bitcoin is trying to replace paper money. If you can pin the same weaknesses to Bitcoin money and paper money then Bitcoin fails as a replacement for paper money. |
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I started using Gox back in 2011 cause I was still new, I sold 50-100 coins when the price was 25-30 dollars at the time. Now you are telling me that I could potentially be asked forced to RETURN the money???
You would get your coins back and they'd be worth 10x more now. Is that a bad thing? |
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Bitcoin itself may not be regulated but you can sure as hell regulate the users of Bitcoin.
Don't expect the free ride to last much longer.
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Nobody tells Bitcoin what to do.
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The bitcoin foundation should have been doing this already...
The point of a foundation, is that they actually have access and rules for joining, other than paying for ad-space and filling the foundations pockets for doing nothing.
That's centralization and/or regulation. |
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Satoshi MINED a million coins at a very low difficulty rate and spent very little money to acquire those.
And you could too if you wanted to. It was publicly released. Fantastic logic. This situation is comparable to me moving my business to the middle of a desert, releasing a new physical product and starting to reap the rewards for myself immediately. I released the product to the public so what gives? Ain't nobody out in the middle of a desert is what it is... When Bitcoin was released to the public, how many people knew about it? |
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Bail out those who lost btc on gox. That would be helpful.
What does bailing out people do for Bitcoin? The train gotta leave the station with or without some people. |
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So, one person holds 1/21 of the entire coin supply?
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There are lunatics on both sides of the fence.
On the Bitcoin side, they're all pretty much congested in this forum so it seems like there's a lot of them.
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I can, right now, send value anywhere in the world, almost instantaneously, with a tiny fee (if any), without the help of a middleman or the permission of an authority.
The miners and the pools are the authority. Right now, they may not have a reason to reject your transactions. In the future, who knows... |
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I would say Mt Gox was a victim of a broken protocol.
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Retard is politically incorrect. You should say "special payment."
I think he was talking about a delayed payment. |
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bitcoin in not mtgox.
Who owns the Bitcoin trademark? |
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