Author Topic: As Bitcoin is becoming more centralized, BTSX solves Bitcoin's problem  (Read 1841 times)

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Offline luckybit

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How many Bitcoins were stolen in the MtGox heist? Was it enough that it could crash the price if the hackers involved were to start selling their stash?

Bitcoin might not be a good investment considering the unusual incentives combined with centralization of ownership of the Bitcoins themselves as well as hashing power.

From memory, there was over 700,000 Bitcoins stolen/missing from Gox. I could be off on that though.

Suppose they decide to sell it off slowly, for how long could it suppress the price?
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Offline CoinHoarder

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How many Bitcoins were stolen in the MtGox heist? Was it enough that it could crash the price if the hackers involved were to start selling their stash?

Bitcoin might not be a good investment considering the unusual incentives combined with centralization of ownership of the Bitcoins themselves as well as hashing power.

From memory, there was over 700,000 Bitcoins stolen/missing from Gox. I could be off on that though.
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Offline James212

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Interesting note.  The Boston Federal Reserve, in an article today on Coindesk agreed with BitShares stating that Bitcoin Mining is flawed

http://www.coindesk.com/boston-fed-bitcoin-revolutionize-payments/        ....see section "mining process flawed" half way through the article
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Offline luckybit

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How many Bitcoins were stolen in the MtGox heist? Was it enough that it could crash the price if the hackers involved were to start selling their stash?

Bitcoin might not be a good investment considering the unusual incentives combined with centralization of ownership of the Bitcoins themselves as well as hashing power.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline cass

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Offline bluebit

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This video was posted on Reddit today, explains why Bitcoin price isn't rising. I believe the time is getting very close in that we'll see a horde of Bitcoin users rushing into BTSX, enjoy

https://www.youtube.com/watch?v=_-TLA3j-ic4&feature=youtu.be&list=PL1zCD-urlm3iuJlUhq7Nwl5KuVXVShHKO
« Last Edit: September 16, 2014, 05:36:24 pm by bluebit »
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