Coinlab Bringing Bitcoin to Wall Street with MtGox Deal

[markm]

Sure but what other moats are as good for keeping out competitors and being able to point them out for persecution without being yourself the same kind of persecution target as they are?

There is profit to be had by sucking up to the powers that be, and more once that has worked in pointing out to them any competitors that have not sucked up as hard.

-MarkM-

[Daily Anarchist]

Coming from an extremely anarchist viewpoint, I really don't see what all the fuss is about.

If Bitcoin were dependent on the actions of one business, or one government, it wouldn't be a revolutionary currency.

If Bitcoin can't handle this, then we'll find something that will.

I'm not worried.

[eleuthria]

I'm not worried about the change at all, but that's probably because I'm not cheating on my taxes by leaving out Bitcoin.

[camolist]

I'm not worried about the change at all, but that's probably because I'm not cheating on my taxes by leaving out Bitcoin.

This. If involved in bitcoin keep perfect records and expect an audit. We're surely being watched to be made an example of

[ArticMine]

I am starting to have some doubts if this deal is even going to happen as it would appear that things are not going according to plan.

1) According to http://coinlab.com/transition, the alpha and beta phases were supposed to be completed by March 15, 2013, last Friday. Has anyone been transitioned?
Furthermore all the United States and Canadian accounts are supposed to be migrated by this coming Friday March 22, 2013, I am starting to wonder if this is going to happen at all.

2) There has been silence on the part of CoinLab for two weeks in their "official thread" https://bitcointalk.org/index.php?topic=148147.0;all

[Herodes]

2) There has been silence on the part of CoinLab for two weeks in their "official thread" https://bitcointalk.org/index.php?topic=148147.0;all

Vess haven't been online on the forums for 5 days. If I were him, I'd peek in to the thread to keep the community up to date, but what do I know, perhaps he's just busy..

[whitenight639]

What does this mean for us that are not from the US / CAN but want to trade in USD??

If this brings in some bigger players into the market bitcoin will easily be $100 by Christmass

[Herodes]

What does this mean for us that are not from the US / CAN but want to trade in USD??

AFAIK, nothing. Everything is as it used to be, only US and Canadians will be moved to my knowledge. But please confirm it with MtGox.

[jubalix]

Just finished reading the article a third time and besides being clear cut in the "good news" category, this is also a very sad day for Bitcoin.

For those of you wanting a return on your time and money invested in Bitcoin fine, you've just got it.

For those of you wanting Bitcoin to be decentralized and out of the control of international banking, this is the end!

1. Having an entity clearing all transactions in and out of Bitcoins for all Americans should make you wonder. The excuse of saving a few percent in bank transactions fees, should make you outright scream!

If you for a second let yourself allure into thinking that this is paving the way for Bitcoin adoptation and still preserving all it's strengths, you have not really understood what this is all about, and you could as well have invested in any other startup. Bitcoin is turning green, and I'm not talking about the lower power usage of ASIC miners, It's becoming the new Dollar, it is on the course to nationalisation of the worst possible kind.

2. Having a single business or a few, legally handling Bitcoin bank transfers in the US gives total government control of Bitcoin for all Americans.
I can't really understand that this forum where a lot of people would love to have less government control in general don't see the dangers of this.

3. Future Bitcoin users will conceive Bitcoin as an American legal alternative currency or asset and not as an international unregulated censor free internet cash payment system.

4. If Coinlab get's in trouble, do they get government backing or bailouts?

5. If a central entity handles money in and out of Bitcoin, how would that, with the help of marketing, not promote such an entity as the authority of Bitcoin?

Wake up, this is not the future you want for your children.

Your right but fortunately bitcoin will find a way to be more cheaply exchanged than the official exchange, if the offical exhange is in anywau ineffcent they will be arbitaged out of existance.... so they are doomed of they try anything funny