by rolling back the price and transactions on mtgox

hugolp

legendary

Activity: 1148

Merit: 1001

Radix-The Decentralized Finance Protocol

Quote from: onesalt on June 19, 2011, 02:42:34 PM

you're essentially regulating the currency. Bitcoins are not meant to be regulated. If you want regulated currency where a central agency says what's right and what isn't go back to using your worthless paper money.

That is all.

Its not regulating. Its a private business deciding what to do. He just has to fulfill the contract with his costumers.

On the other hand, the costumers are free to change business and take their business elsewhere. Honestly, after this, anyone using MtGox deserve what he/she gets.

philipp

newbie

Activity: 30

Merit: 0

Quote from: onesalt on June 19, 2011, 02:42:34 PM

you're essentially regulating the currency.

No. It's not like Bitcoin transactions will be rolled back (that would be virtually impossible). It's just transactions within and among MtGox accounts being rolled back.

Bitcoin is still unregulated as it always was.

onesalt

hero member

Activity: 756

Merit: 500

you're essentially regulating the currency. Bitcoins are not meant to be regulated. If you want regulated currency where a central agency says what's right and what isn't go back to using your worthless paper money.

That is all.

Topic: by rolling back the price and transactions on mtgox (Read 1213 times)