Watching blockchain . Btc is being stolen. It was scam. Rather trade bte - e or cryptsy or coins - e . Don't trust any new exchange
Mt Gox wasn't new and it certainly didn't do well either. I guess we have fundamental questions to ask. How do we know our coins won't simply be taken when we transfer them anywhere for any type of transaction and I believe the answer is we don't know and probably can't know and to me that is quite a problem.
I am sorry to say this but gox and other exchanges are going to kill off what Cryptos was all about and regulation will come in fast, governments will have a excuse to do it now. At the same
time I feel this is teaching people a valuable lesson that banks and fiat is not a bad thing.
Sorry to say this, I am new to the crypto scene but I am out now. Cashing back into fiat as this is like the wild west.
Good luck to virtual currencies but I am out of this scamfest , humans can't be trusted and this is why we have regulation.
When bitcoin was started, it wasn't about deregulation. It was about decentralization. And it remains decentralized. Regulation is going to happen. Especially on exchanges that also deal with fiat currency. In fact, several US based exchanges are already dealing with regulation and complying with it. You can expect Bitcoin to remain decentralized. You cannot expect any sort of currency to be allowed to be used to buy drugs, guns, hitmen, etc., or avoid taxation or traceability, without the government getting involved. Regulation is a good thing for honest folks. It is only bad for criminals and tax evaders. Decentralization is good for everyone, though, and that will continue.
