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Comment: Re:Unregulated currency (Score 1) 701

by BoberFett (#46404127) Attached to: Bitcoin Exchange Flexcoin Wiped Out By Theft

No, what says volumes about bitcoin is that nobody talks about the value of bitcoin in terms of what it can buy, but in what the value of a bitcoin is when converted to a real currency such as USD.

When there's a thriving economy of companies paying employees in bitcoin and those employees buying every day goods and services in bitcoin, then I'll take notice. Until then it's just another bubble looking for the greater fool.

Comment: Re: When are the bank runs going to happen? (Score 1) 701

by BoberFett (#46403917) Attached to: Bitcoin Exchange Flexcoin Wiped Out By Theft

I'd say it has something to do with the fact that no intelligent investor is interested, leaving this market totally to the amateurs, both from the "investing" side and the "bank" side. MtGox was a card game trading site for crying out loud. It certainly wasn't built to PCI compliance.
