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Author Topic: Price held up pretty good in the latest fiasco?  (Read 3356 times)
molecular
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March 08, 2012, 11:26:57 AM
 #21

And if MtGox gets hacked? Or targeted by law?

That would be interesting to watch in terms of what kind of a price-finding mechanism would take over.

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March 11, 2012, 04:12:26 AM
 #22

And if MtGox gets hacked? Or targeted by law?

I'm not going to answer the "hacked" part of your question (mtgox was hacked already), but the "targeted by law".

Bitcoin is currently legal in the countries that protect free speech and trade.
Changing the law in these countries is a long and complicated process, that tends to spark public debates.
And if you want to stop Bitcoin, a public debate is the last thing you want.

If they want to stop Bitcoin, banks and governments are more likely to use existing anti-money laundering laws.
What they can do with these laws is limited. They can target exchanges that rely on bank accounts, such as MtGox.
However, there is nothing they can do against semi-centralized exchanges such as bitcoin.de or bitcoin-otc.


Targeting MtGox with anti-money laundering laws will have zero impact as MtGox already follows anti-money laundering laws.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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March 13, 2012, 03:39:38 AM
 #23

We are going up.

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March 13, 2012, 03:51:22 AM
 #24

We are going up.

Then down, then up, then down, then down, then up, then down, then up, up, up.

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John (John K.)
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March 13, 2012, 06:08:41 AM
 #25

We are going up.

Then down, then up, then down, then down, then up, then down, then up, up, up.

Looks like you’re reading the script from a porno movie.
LOL

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March 13, 2012, 06:12:35 AM
 #26

We are going up.

Then down, then up, then down, then down, then up, then down, then up, up, up.

Looks like you’re reading the script from a porno movie.
LOL
nice!  Cheesy

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