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re: Bitcoin buzz stays high --- even after bubble
Posted on 5/13/13 at 9:58 am to Vols&Shaft83
Posted on 5/13/13 at 9:58 am to Vols&Shaft83
In the infancy of bitcoin (which we are still in), the exchanges are essential. Competition for MtGox will only enhance the bitcoin universe and make it more accessible to more people. At some point, the bitcoin universe could be large enough that it is self-supporting, and the ability to exchange fiat currency for bitcoin won't be nearly as important or necessary as it is now
Posted on 5/13/13 at 10:00 am to gizmoflak
quote:
Competition for MtGox will only enhance the bitcoin universe and make it more accessible to more people.
Or cripple Mt.Gox's customer base, which doesn't affect me at all. And coinbase is only a hacker away from being just as unreliable as Magic the Gathering.
And since bitcoins aren't insured, the only people who take risks with these exchanges are the consumers.
This post was edited on 5/13/13 at 10:02 am
Posted on 5/13/13 at 10:06 am to gizmoflak
quote:
In the infancy of bitcoin (which we are still in), the exchanges are essential. Competition for MtGox will only enhance the bitcoin universe and make it more accessible to more people. At some point, the bitcoin universe could be large enough that it is self-supporting, and the ability to exchange fiat currency for bitcoin won't be nearly as important or necessary as it is now
There comes a time in a prudent entrepreneurs life where he sees the opportunity to part a fool and his money. This is one of those times. They don't care about the currency. They care about the fee revenue for conversion. And they want that fee in USD. Book it.
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