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re: 40% of Bitcoin Exchanges Fail; only 30% of those refund your Bitcoins...
Posted on 4/29/13 at 12:46 pm to LSURussian
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.
1
Posted on 4/29/13 at 12:48 pm to Poodlebrain
quote:
Legitimate Bitcoin users will probably use regulated exchanges to eliminate the risk of malfeasance by the exchange operators
yep!
Poodlebrain, you've been doing you're homework, haven't you? You certainly seem to be more and more educated on the topic as the weeks go on.
quote:
but there will be many Bitcoin users who patronize the unregulated exchanges.
Yep. And that's a risk they choose to take.
quote:
I doubt Bitcoins survive that long though.
Why do you feel that way?
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