Perfect timing! I've got a tax return coming and I'm gonna get some cheap BTC's to buy up some more cheap Bay's before Bay gets pegged!!
I'm so sick of this BTC instability! It has no future if it can't find a way to control its price within decentralized protocol!
Edit: And Darknet? What the F are these people thinking...? That they are going to deal will legit people you'd bring home to meet your grandma? Lol! These guys get what they deserve!
Yes well this is because greed has blinded people from tech. I hate to say it but anyone who uses escrows on the darknet after sheep market losing 100 million, this recent darknet hack, silk losing 100 or so million. Not to mention centralized exchanges getting hacked people lost up to .75 billion (.5 billion by mt gox alone) by now in exchange hacks not to mention increase in distrust which alone has impacted BTC.
Why people arent flocking to double deposit escrow and pegging tech just shocks me. When is everyone going to learn? Escrow should not exist!
Bit/BlackHalo and BitBay doesnt use escrow, parties dont risk losing funds at all, it cant be hacked, it can enable barter. *sigh* ... perhaps its because I dont have enough time to do marketing so vaporware always wins.
Also, people are always speculating on crypto and they dont even use the tech they do have. Even NXT and Ripple are better than a centralized exchange still people dont learn their lessons.
The major issue is not only the cesspool bct has become which is a reflection of greed, emnity and envy. But also, the fact that people still worship the dollar and treat it as god. Its like this: Bitcoin is closest to the dollar so people stay in Bitcoin because its almost the dollar.
What does Bitcoin do except waste billions of dollars of electricity, is slow, is highly centralized (15 pools control almost 100% of transactions) and they dont even update their ancient scripting system??
They should have hard coded a centralized way to fork so at least their devs can update the codebase. But no, thier devs spend time wondering about protocol changes(they dont even have locktimes after 4 years) while altcoins can freely test any protocol they want. The "too big to fail" attitude of the Bitcoin foundation may actually turn against them. After all these hacks, probably more than 50% of btc belongs to theives, the exact same people it was meant to protect us from.
