Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Actually I expect that in such a scenario most exchanges will not have dual trading but will rather use an event like that as an opportunity to confiscate BTCs as their own and replace them with BTCCs. Especially if they have political reasons of siding with BTCC. So you either find a reliable dual exchange that has both BTC and BTCC (which may be hard to find or even DDOSed), or you move with alts as a vehicle of +1 step.
Let's hope we never find out.
Let's hope we never find out.
I hope we do find out.
More adversity benefits Bitcoin's antifragility. Or Bitcoin dies and we relaunch the experiment starting at square one.
I can't wait to hear the howls of protest as Coinbase, Circle, and the other Toominista exchanges confiscate everyone's Bitcoins, then replace them with ToominCoins.
The price of BTC will skyrocket, as anyone idiotic and unprepared enough to lose and/or ruin their genuine coins with Toomin-taint will have to replace them.
Such a 'teachable moment' will have a salubrious clarifying effect on the Bitcoin ecosystem, and we won't have to hear whining about Sensor Ships for at least another 6 months.
