Post
Topic
Board Economics
Re: Russia warns against using bitcoins
by
empoweoqwj
on 29/01/2014, 10:05:27 UTC
Isn't BTC-e located in Russia?

Nope. Bulgaria. Though who actually controls it, nobody really knows .....

We know nothing about the company background, and the owners, even if it is one of the largest bitcoin exchange in the world.

Scary isn't it. Kind of sums bitcoin up. No wonder the price isn't rising. Of the three big exchanges, one is self-imploding (Gox), one is basically anonymous and provides no customer service (btc-e), and one is based in Slovenia (bitstamp).

Not to mention Bitcoin Foundation director getting arrested for laundering drug money.

Imagine what the bitcoin price would be if anyone trusted anyone else Smiley