Quote from: MaxwellsDemon on December 07, 2013, 01:27:19 PM

Quote from: Puppet on December 07, 2013, 12:54:26 PM

Bitcoin is working fine. The main problem is that so many people believe(d) that because something is related to bitcoin, that no laws apply and you can just freely break security regulations all over the world, along with violating money transmitter licence requirements and AML regulations.

Quote from: knybe on December 07, 2013, 01:04:00 PM

Bitcoin may not be broken per se... What is broken is human integrity.

I have to disagree with both of you. The problem is not with Bitcoin or with human integrity. The problem is the same as it has always been - governments. Government regulation is what screwed up the regular financial system and funneled all the money to the so-called 1%. And government regulation is now doing the same to Bitcoin.
Government regulation shut down btct.co, costing a lot of people a lot of money, all in the name of 'protecting investors'. And then the same happened to BitFunder. From Danny's squirming legalese, it is clear that the problem he's helping Ukyo with is a legal one. He can't access the Bitcoins because some government froze them (I think we can all guess which one) and that same government is preventing him from publicly discussing the legal negotiations they are now involved in.
That is also why he claims the solution will be good for the entire Bitcoin ecosystem - because it might clear up the regulatory status of BTC-denominated securities.

For now, I have to begrudgingly support Danny's negotiating efforts, if only in order to get my money back. But if governments kept their dirty hands off Bitcoin, we wouldn't be in this situation to begin with.

+1