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-
99.9% of bitcoin owners are trading with a few hundred to a few thousand dollars worth of bitcoins. The total market cap of bitcoin is $12 billion dollars.
The total assets under management of all stock and bond funds and hedge funds are in the trillions. The FOREX market trades $4 TRILLION dollars a day. Hardly "obsolete."
Your unwarranted arrogance is laughable.