Re: Mt.Gox SCAM? $38million disappeared. Large sums affected.
Seems like MtGox is the "Lehman Brothers" of the bitcoin world.
My analysis points out that BTC/USD might crash down to $100
My analysis points out that BTC/USD might crash down to $100
Is this your same genius 'analysis' that helped you decide Bitcoin was a Ponzi scheme & that we'd be better off with a government issued asset backed currency.
The market price of each certificate will be the function of the underlying asset and the trustworthyness of the issuer.
So, all the downsides of both currency and barter, and the upsides of neither. Like I said, look into Ripple.
After all it's safer to pay 1000$ for 1/21 millionth of a ponzi, then to pay 0$ for a blank sheet of paper that could be used to sign a contract for gold, stocks or real estate.
My eyesight is not great, but I can see you a mile away...