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1  Other / Beginners & Help / Re: Trading Houses - The Lowdown on: June 21, 2011, 05:14:37 AM
There's a lot of misunderstanding about currency markets (obviously BTC/USD in this context). Arbitrage ensures stable prices across competing markets/exchanges. Automated trading adds liquidity, reducing volatility. All of this is good for market functionality.

As for market manipulation, if someone crashes the market with a large sale, ce'st la vie! If it goes too low (in your opinion) it will quickly resume to a stable price but now including the increase in supply (at the previous high price). If you don't like short-term movements in the market, don't trade in them - or better still, consider them buying opportunities. Vice versa.

This really isn't an issue IMO.
2  Other / Beginners & Help / Re: Lurkers be damned, aka newbies that will never be allowed to talk. on: June 21, 2011, 04:26:13 AM
3  Other / Beginners & Help / Re: Dwolla account verification call on: June 21, 2011, 12:45:22 AM
A fool and his money are easily parted. It will be sad when people fall for this should Bitcoin become more mainstream (to imply that all current Bitcoin users are AWESOME ;-). However, that this happens for IRL customers of IRL banks, it proves that IRL regulations don't help [much]. Education is the key to consumer safety here.

Not that big governments and central banks are exactly keen on improving financial education: they might understand how their big-spending racket works. Just add another bank or government guarantee to "protect" consumers. ;-)

P.S. Newbie mode sucks.
4  Other / Beginners & Help / Re: Has anyone speculated on Mt.Gox's mystery auditor yet? on: June 21, 2011, 12:27:17 AM
Which interview?
5  Other / Beginners & Help / Re: Newbie restrictions on: June 20, 2011, 02:03:09 PM
Lame restrictions. Long-time-reader first-time-caller who only registered to post on a thread to which I can finally contribute something meaningful. Not to take anything away from the need to enforce such restrictions.
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