People are too addicted to margin and liquidity to listen. Bitfinex is a special case though considering how many times they've ballsed up and as far as I know they've never compensated people who were margin called purely because of Bitfinex's fuckup.
Bitcoin does need active traders. Without them not a great deal happens. But there has to be a way they can trade safely.
Ye Bitcoin does need active traders, and that's what all these 'I told you so! You deserve to lose your Coins!' sayers don't understand.
Bitcoin IS speculation, Bitcoin IS trading.If you take away the speculation from Bitcoin, you have two guys purchasing alpaca socks left.
But then we could also stop the blocksize debate, as there would simply no transactions at all, that's a good thing I guess.
- Never used Bitfinex - lost no funds.
Speculation on exchanges has almost nothing to do with transactions.
The VERY small amount of transactions are simply when you give your BTC to the exchange (yes you are giving it to them) or get some of it back (or in this case none)