Quote from: ReCat on November 23, 2013, 08:04:14 PM

Quote from: HalfPriceDigital on November 23, 2013, 12:55:12 AM

I was surprised to learn that BitMit only had about 30,000 activated accounts. Seems like a pretty low number. But it's hard to say how many people would be signing up now due to the increased media attention to Bitcoin. BitMit definitely missed a lot of potential by closing when it did.

I think BitMit should have just stayed open after the hack but disabled escrow and referred users to a 3rd party escrow provider. However, the government may have also caught up with BitMit and forced them to close due to the company not having an escrow license.

Do they need an escrow license when escrowing something that is not recognized to have value by the government? :B

Please enlighten us which government doesn't recognize that bitcoin has value?