Quote from: So_Cynical on March 01, 2011, 12:15:02 PM

Panic selling the USD for BTC Cheesy

i doubt it...IMO the current exchange rate is the result of speculation and hoarding, there's 5 million BTC out there yet only a fraction of that gets turned over at exchanges, just look at today's MtGox spread, High:0.97Low: 0.845 with that sort of volatility the exchange rate could go anywhere.

Wrong, there's just not enough speculators to stabilize exchange rate.

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I'm sure there's a reason why MtGox doesn't have USD accounts? i mean why the muck around with liberty reserve?

It's called paypal screwing with people.