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Topic: This is good for Bitcoin - page 2. (Read 4388 times)

sr. member
Activity: 280
Merit: 250
June 19, 2011, 06:45:38 PM
#1
Am I the only one here thinking that the MtGox hack is actually good for Bitcoin?

The very fact that it's holding its value after something like this, having apparently plummeted down to $0.01, indicates to me that people do subjectively see 'intrinsic' value in Bitcoin, and it has resilience. One of the biggest fears I've seen is that it's purely built on 'nothing' it's like a house of cards that can come crashing down at any moment. Well now, in its first big month out in the wild, it's been through two crises and still it bounces back. There's definitely something substantial there. I really do think that every time it gets hit and bounces back, it proves its resilience and ultimately, after the FUD has cleared, will find itself in a stronger position.

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