Quote from: flyable on February 27, 2014, 09:59:57 AM

Quote from: matt4054 on February 27, 2014, 09:07:38 AM

Quote from: flyable on February 27, 2014, 08:44:58 AM

Quote from: Feri22 on February 27, 2014, 08:41:31 AM

Quote from: flyable on February 27, 2014, 04:27:44 AM

.... I do not trust Bitcoin again. Cry

....I do not trust MTGOX, I do not trust my ability to store BTC safely and ability to listen hundreds of warnings about situation around MTGOX again . Cry

FTFY

It is not fault of Bitcoin...

Please let me know why Bitcoin foundation did not give us the warnings. Should we trust Bitcoin foundation? Should we trust the developers of Bitcoin? Should we trust Bitcoin?

I am sorry that some people more informed than you are making a fool of you.

Bitcoin is a very robust and safe technology, and there is nothing broken about it. The problem is that it still requires some basic training before you start to use them. I would say it requires about 1-2 hours of reading, you may start with the Bitcoin Wiki, for example.

Unless you are willing to take that basic training, you are putting yourself at risk when you are dealing with Bitcoin.

That 1-2 hours basic training includes the following teachings, with all due respect (I'll be bold and use boldface)

Bitcoin has been designed so you can actually OWN them. Owning Bitcoin means that 1) you own the private keys for your addresses, 2) no one else does. In other words, it is OK to use a wallet like Bitcoin-Qt, Multibit, Electrum or even Blockchain.info. It is NOT OK to use third parties like MtGox, Bitstamp, inputs.io, etc. as your wallet. You will get burned.
By trusting third parties to keep "your" Bitcoin, you are actually giving them your coins in exchange for a promise from them to give them back (IOU). This is VERY dangerous and there is absolutely no reason to take that risk until a very strong financial insurance and external auditing is backing that promise. Even if you are daytrading, it's worth withdrawing all your coins at the end of the day
The Bitcoin Foundation is absolutely not Bitcoin's regulatory body, they are absolutely not monitoring, auditing or responsible for exchanges and services in any way,
The Bitcoin developers cannot "force" you to understand what you are doing with your coins before allowing you to download and use their software. They can only urge you to do it. In other words, they cannot protect yourself from your own lack of knowledge

Now it is up to you to put the blame on Bitcoin if you want. But if Bitcoin succeeds and becomes what many here believe it will become (i.e. a huge success), you might end up "double-regretting" it in the future: not only your coins were stolen as an early, misinformed adopter, but you didn't take the chance to learn from it and "get rich again" before the masses wake up and everyone wants some Bitcoin

So Bitcoin foundation are not monitoring itself too?? Mtgox is one of only two Bitcoin Foundation Gold Members. How could Bitcoin foundation "protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide"? Who found the Bitcoin Foundation? If you donot trust the developer, how could you trust bitcoin?

Bitcoin Foundation CLAIMS it "protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide". No more, no less. You need to make your own judgement.

Bitcoin is a opensource project. You don't need to trust the developer. You can learn and review the source code.

Bitcoin is about freedom, but freedom is not free. With the more freedom, you have more responsibility to take care of your money. If you simply can't handle it, or you are not care to learn it, please go back to the traditional banking system which is (supposedly) backed by the government.