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Topic: 2013-06-03 Cambridge House interviews Mike Maloney - Why Bitcoin Is Wonderful (Read 662 times)

hero member
Activity: 502
Merit: 500
Mike is a vefy good speaker.

Very good video  Smiley
legendary
Activity: 1540
Merit: 1000
The "idea" of Bitcoin is great but there are "holes". The Mt Gox debacle is a good example.  The value of Bitcoin dropped by half when that happened and it was only a few years ago when Bitcoin dropped to around a single dollar

It was only a bit over 3 years ago that bitcoin reached dollar parity for the first time on its way up from zero.

Blaming bitcoin for Gox is like blaming the the US Treasury because the local petrol station didn't lock it's safe and was robbed. The price of bitcoin isn't the most important thing as an indicator of success, the ecosystem and functionality is.

I agree, you can't blame a currency for the problems of a company, it's nonsense, if this happened in the dollar nobody would be blinking an eye and it actually happens on a regular basis with the dollar.
legendary
Activity: 4298
Merit: 1317
The "idea" of Bitcoin is great but there are "holes". The Mt Gox debacle is a good example.  The value of Bitcoin dropped by half when that happened and it was only a few years ago when Bitcoin dropped to around a single dollar

It was only a bit over 3 years ago that bitcoin reached dollar parity for the first time on its way up from zero.

Blaming bitcoin for Gox is like blaming the the US Treasury because the local petrol station didn't lock it's safe and was robbed. The price of bitcoin isn't the most important thing as an indicator of success, the ecosystem and functionality is.
legendary
Activity: 1540
Merit: 1000
I watched this guys videos! Awesome!
sr. member
Activity: 406
Merit: 250
The "idea" of Bitcoin is great but there are "holes". The Mt Gox debacle is a good example.  The value of Bitcoin dropped by half when that happened and it was only a few years ago when Bitcoin dropped to around a single dollar

That is part of growing a healthy economy. Gox was an awful event for a lot of people but we all ready see improved security and protections with exchanges. Disasters always bring improvements.
sr. member
Activity: 364
Merit: 250
It is important to take all information with a bit of skepticism. I do understand that. Still I think its a great video.
member
Activity: 140
Merit: 10
The "idea" of Bitcoin is great but there are "holes". The Mt Gox debacle is a good example.  The value of Bitcoin dropped by half when that happened and it was only a few years ago when Bitcoin dropped to around a single dollar
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
hero member
Activity: 742
Merit: 500

He embraces it in the sense that he thinks free market currencies are good. From what he says after he doesn't seem to be invested in any way financial in the Bitcoin economy.

I think it's about the same as with Ron Paul.

sr. member
Activity: 868
Merit: 250
Another goldbug embraces Bitcoin.
hero member
Activity: 742
Merit: 500
Mike Maloney on Bitcoin (excerpt):

https://www.youtube.com/watch?v=XZ4bVgzxp2g

Full interview by Cambridge House youtube channel:

https://www.youtube.com/watch?v=iBHNhC5GV7Y
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