CFPB creates complaint center for bitcoin 'Wild West'

[spacehopper]

http://www.c[Suspicious link removed]m/id/101910989#.

Do you think this will affect bitcoin in a big way?

[abercrombie]

Link to CNBC... "CFPB creates complaint center for bitcoin 'Wild West'"

www.cnbc.com/id/101910989

Looks like it is affecting the price.  Good buying opportunity.

[spacehopper]

Link to CNBC... "CFPB creates complaint center for bitcoin 'Wild West'"

www.c[Suspicious link removed]m/id/101910989

Looks like it is affecting the price.  Good buying opportunity.

Thanks for fixing the link. I had not noticed that the system automatically removed the one I posted.

[Brewins]

The CFPB is urging consumers to be wary of wide fluctuations in bitcoin exchange rates, potential hacking, theft and stolen funds.

"Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market," CFPB Director Richard Cordray said in a statement.

How state the obivious can cause a drop in price? This is commom sense among all bitcoiners

[tabnloz]

"Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market," CFPB Director Richard Cordray said in a statement.

As Andreas says, thats a feature not a bug.

[Mobius]

I think the reason that BTC dropped had to do with this. This warning does take away somewhat of the legitimacy of bitcoin to consumers so they will be less likely to buy and use bitcoin.

[Zohann]

I think this is a good thing for BTC... gets rid of scammer websites.