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re: 40% of Bitcoin Exchanges Fail; only 30% of those refund your Bitcoins...
Posted on 4/29/13 at 12:26 pm to ZereauxSum
Posted on 4/29/13 at 12:26 pm to ZereauxSum
quote:Well put and I agree.
the failure of exchanges has nothing to do with the integrity of the technology behind bitcoin, but it certainly has everything to do with the success or failure if bitcoin as a currency/asset class.
1
Posted on 4/29/13 at 12:46 pm to LSURussian
Until Bitcoins are universally accepted there will need to be exchanges for conversion to and from other currencies. The Bitcoin community's desire for zero government oversight means unregulated exchanges will contine to exist, and prey upon Bitcoin users. Legitimate Bitcoin users will probably use regulated exchanges to eliminate the risk of malfeasance by the exchange operators, but there will be many Bitcoin users who patronize the unregulated exchanges.
I doubt Bitcoins survive that long though.
I doubt Bitcoins survive that long though.
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