Is Bitcoin Live Chat the final solution after MTGox

[williecity]

With so many exchanges taking people's money down with them when they close down
I am starting to believe that cash and banks are 1000 times more safer than bitcoin
The only way to beat this is an automated exchange where there is no middle man vault.

I think Bitcoin Live Chat is now the best solution, with people trading directly with each other.
http://bitcoinlivechat.com

What exchange are you using now?

[jtsnau]

Rick Berman and Brannon Braga destroyed Roddenberry's original vision.

Wait ... what forum is this?

[LMGTFY]

With so many exchanges taking people's money down with them when they close down
I am starting to believe that cash and banks are 1000 times more safer than bitcoin
The only way to beat this is an automated exchange where there is no middle man vault.

I think Bitcoin Live Chat is now the best solution, with people trading directly with each other.
http://bitcoinlivechat.com

What exchange are you using now?

I prefer OTC trades as well. I've not tried bitcoinlivechat, but localbitcoins has worked well.

I'm surprised you think banks are safer than Bitcoin - what I love above Bitcoin is it takes away the need for counterparty risk (except when I choose to trade or make a purchase). But given the recent history of the banking industry there's way too much risk for me to trust banks any more than I have to. Having said that, I keep my BTC firmly under my control, and nowhere near exchanges except for (very brief) periods when I'm trading.

[Meuh6879]

I am starting to believe that cash and banks are 1000 times more safer than bitcoin

don't start : http://www.youtube.com/watch?v=tGk5ioEXlIM
"we" (all) wait this moment ... the satoshi moment, the 2008 clone crash bank (estimate every 8-15 years).

[williecity]

With so many exchanges taking people's money down with them when they close down
I am starting to believe that cash and banks are 1000 times more safer than bitcoin
The only way to beat this is an automated exchange where there is no middle man vault.

I think Bitcoin Live Chat is now the best solution, with people trading directly with each other.
http://bitcoinlivechat.com

What exchange are you using now?

I prefer OTC trades as well. I've not tried bitcoinlivechat, but localbitcoins has worked well.

I'm surprised you think banks are safer than Bitcoin - what I love above Bitcoin is it takes away the need for counterparty risk (except when I choose to trade or make a purchase). But given the recent history of the banking industry there's way too much risk for me to trust banks any more than I have to. Having said that, I keep my BTC firmly under my control, and nowhere near exchanges except for (very brief) periods when I'm trading.

am sure so many people have lost bitcoins but just keeping quiet. Hard to believe it spiked past $1000 a month ago

[LMGTFY]

am sure so many people have lost bitcoins but just keeping quiet. Hard to believe it spiked past $1000 a month ago

Probably. But the point is that Bitcoin itself is safe, no one lost BTC that they personally held. People lost BTC they held at MtGox - i.e. BTC that MtGox had full control over. And that's the point - I don't need to keep my BTC at an exchange, I can keep it quite safe myself. I suppose I could keep control of my cash, as well - but it'd occupy far too much space, and would be expensive to secure.

For my purposes Bitcoin is far safer - I keep possession and control of my BTC, and when I need to trade or make a purchase I can make an informed decision about counterparty risk (which is why I prefer OTC, and always use escrow).

Edit: Where did it spike above $1000? On Bitstamp it's been around $700 or lower since the start of February - http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSza1gWMAzm1g20za2gWMAzm2g1920zl

[williecity]

I think this chat site will take off http://bitcoinlivechat.com/
and it could be the best solution yet if adopted by the community

[williecity]

am sure so many people have lost bitcoins but just keeping quiet. Hard to believe it spiked past $1000 a month ago

Edit: Where did it spike above $1000? On Bitstamp it's been around $700 or lower since the start of February - http://bitcoincharts.com/charts/bitstampUSD#rg60ztgSza1gWMAzm1g20za2gWMAzm2g1920zl

It was above

See BBC News about it http://www.bbc.co.uk/news/technology-25617931

[LMGTFY]

It was above

See BBC News about it http://www.bbc.co.uk/news/technology-25617931

Ahem! That was three months ago - just after the all-time high in December

[farlack]

$10 a month subscription for that live chat fuck that

[williecity]

$10 a month subscription for that live chat fuck that

They made it free. If this chat thing can kick off then i believe it is the perfect way to trade directly with people

[Beliathon]

I am starting to believe that cash and banks are 1000 times more safer than bitcoin.

I am starting to believe that you're a moron, or at best totally inept/ignorant of crypto-security best practices.

[williecity]

I am starting to believe that cash and banks are 1000 times more safer than bitcoin.

I am starting to believe that you're a moron who is inept at crypto-security best practices.

I mean MTGox the most secure and biggest leader shut down with millions worth of bitcoins within a month

who would have predicted it in January.