Post
Topic
Board Service Discussion
Re: MtGox account in the USA has been seized by the DHS?
by
w8ks6
on 14/05/2013, 21:43:42 UTC
I think this is good news! Let's get this party started! I hope they close all legal ways to trade for fiat.
Maybe then we'll finally be rid of speculators who are only in bitcoin to make fiat and cash out.
Maybe it will bring more people who are willing to buy and sell goods and services for Bitcoin, rather than converting it to fiat as soon as they get it.
Maybe not; it's time we find out though.

There are plenty other ways for us to value bitcoin, such as against gold and silver, other cryptocurrencies, digital gold currencies, or any other commodity and real asset. I think this is the way to finally make bitcoin a currency, rather than just use it as a fiat payment system.