Post
Topic
Board Bitcoin Discussion
Topic OP
The very essence of BTC got hurt
by
CWestermark
on 26/02/2014, 13:15:14 UTC
Sadly the very essence of BTC got hurt with the fall of MtGox. BTC was here so that people would not have to wory about loosing their funds. And here we are with similar crroks (Mark) as in the traditional banking system. And it does not get better when out BTC Jesus favours his friends at MtGox! He admits it in this youtube video https://www.youtube.com/watch?v=GRIJ_jpmwzo

So what are we left with? A volatile currency that is complicated to buy and hard to spend. Yes, every day we have more merchant accepting bitcoin. But why would a newcommer buy BTC so that he can save some money of his purchase at overstock? With all the hassle it does not make sense for him / her.

Yes, BTC will still stand, but sadly more as a speculative asset. And with far less intrinsic value (trust) in the system!

Hope I will be proven wrong becasue I still have 50% of my coins left.