my take on bitcoin is the exchanges are fubar ... who the hell are they and who gets your money back if they fly by night?
So Coinbase is a threat ? LOL ...
Yes all these exchanges will just up and take all our money with them.
Thats a rational paranoia.
Honestly that tells me you aren't too familiar with what is going on. All due respect.
To the original poster: the LAST people you want to ask about bitcoin are the people who have been involved IN ANY CAPACITY in the obsolete financial world.
Those are the biggest naysayers, the most skeptical, the least informed, and the most confused by what Bitcoin is.
Bitcoin violates every rule they have ever learned, and it drives them insane. Please only use such individuals for personal entertainment.
-B-
Where is Sheep Market? Where is their money? Where is Silk Road? Where is BuySellBitCo.in ? Where is....hang on...
https://bitcointalk.org/index.php?topic=83794.0
Bitcoin is cool but it is not going to end finance, sorry. And until there is legal and technological stability the exchanges are high risk. I do not care at all where you put your money though. Good luck.
You should read and learn about the history of Bitstamp, how it started, who runs it and what their track record is. I know you may be waiting for JP Morgan (
) to start a bitcoin exchange, but until then, there are safe ways to trade.