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Topic: Isn't it about time for a major hack/disaster? - page 2. (Read 3296 times)

full member
Activity: 122
Merit: 100
My big concern is that Mt.Gox (i have coins there) seems to have the majority of the trading market.
I would love to see more competition.
 Undecided

Sell on a smaller exchange. You can probably get a better price anyway
sr. member
Activity: 420
Merit: 250
i was waiting for someone to say this Smiley
full member
Activity: 121
Merit: 100
My big concern is that Mt.Gox (i have coins there) seems to have the majority of the trading market.
I would love to see more competition.
 Undecided
full member
Activity: 121
Merit: 100
I'd Accept a bit of a news worthy hack now. So as to drop the price of BTC.
So that I can go and buy them a little cheaper.
 Roll Eyes

you monster! i want my coins to be worth $90

I don't doubt for a second that they will go up to $90 and beyond.
full member
Activity: 238
Merit: 100
coinbase or bitpay getting pwned would cause some serious image problems that would set it back a little bit as far as marketing goes.

I dont think it would cause a serious crash though unless something happens to the protocol itself.
legendary
Activity: 2058
Merit: 1452
I'd Accept a bit of a news worthy hack now. So as to drop the price of BTC.
So that I can go and buy them a little cheaper.
 Roll Eyes

you monster! i want my coins to be worth $90
newbie
Activity: 54
Merit: 0
I don't agree.

Gox is (HOPEFULLY) locked down like fort knox now.

The only thing that will stop this forward motion will be SERIOUS US govn't regulation or some time of police (bankster) state crackdown on exchanges an/or bitcoin businesses.  Fortunately the amount of time it take to get anything done in the US congress, any regulation  will be years in coming.

He're looking at 50 (an beyond!).




Heres a hypothetical. When will the first president or senator get voted into power because bitcoin early adopters have enough free coin to buy an election ?
Never, bitcoins worth are tied to drugs and the USD and the exchanges arent capable of moving a serious amount of bitcoins without the price crashing tremendously.
full member
Activity: 121
Merit: 100
I'd Accept a bit of a news worthy hack now. So as to drop the price of BTC.
So that I can go and buy them a little cheaper.
 Roll Eyes
donator
Activity: 1419
Merit: 1015
Heres a hypothetical. When will the first president or senator get voted into power because bitcoin early adopters have enough free coin to buy an election ?

Yeah. It's gonna happen in 2016 if I have anything to do with it. And given how involved I was this last time around, it's gonna happen again. Though legally I suppose I'll have to use a PAC.
full member
Activity: 238
Merit: 100
I don't agree.

Gox is (HOPEFULLY) locked down like fort knox now.

The only thing that will stop this forward motion will be SERIOUS US govn't regulation or some time of police (bankster) state crackdown on exchanges an/or bitcoin businesses.  Fortunately the amount of time it take to get anything done in the US congress, any regulation  will be years in coming.

He're looking at 50 (an beyond!).




Heres a hypothetical. When will the first president or senator get voted into power because bitcoin early adopters have enough free coin to buy an election ?
legendary
Activity: 1750
Merit: 1007
Isn't it about time we hear news about a major hack/disaster that will smack the exchange rate back?  I mean we wouldn't want to break tradition, would we? Tongue

*runs off with a cold wallet file and blames it on someone named Sir Thomas Erick Trendon the Third*
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
The only thing that will stop this forward motion will be SERIOUS US govn't regulation or some time of police (bankster) state crackdown on exchanges an/or bitcoin businesses.  Fortunately the amount of time it take to get anything done in the US congress, any regulation  will be years in coming.

The US accounts for only a small percent of bitcoins economy. The attention garnered from a US crack down could cause the price to increase.
hero member
Activity: 588
Merit: 500
Congress doesn't write financial regulations in the USA, the regulators special interests and cronies themselves do.

legendary
Activity: 1526
Merit: 1134
Congress doesn't write financial regulations in the USA, the regulators themselves do.
BCB
vip
Activity: 1078
Merit: 1002
BCJ
I don't agree.

Gox is (HOPEFULLY) locked down like fort knox now.

The only thing that will stop this forward motion will be SERIOUS US govn't regulation or some time of police (bankster) state crackdown on exchanges an/or bitcoin businesses.  Fortunately the amount of time it take to get anything done in the US congress, any regulation  will be years in coming.

He're looking at 50 (an beyond!).


legendary
Activity: 2618
Merit: 1007
MtGox hack number 3 (or 4? 5? I lost count...) imminent! Cheesy

Well, or the operator of Silk Road gets caught or something, other than these 2, there are no real huge BTC hoarding entities left. Merchant service providers like BitPay probably rather keep money flowing and store only little.

Alternative:
An early adopter with a 5-6 digit amount claims he wrote a magic software to crack private keys and as "proof" transfers huge amounts of (his!) coins to another address. This might cause a slight panic at least.
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
Yes, ASIC's were supposed to be a scam and crash the market, but it looks like no one informed the developers.
legendary
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
Isn't it about time we hear news about a major hack/disaster that will smack the exchange rate back?  I mean we wouldn't want to break tradition, would we? Tongue
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