MtGox launches Bitcoins.com, an information site for all things Bitcoin

Re:MtGox launches Bitcoins.com, an information site for all ... by alexro on Thursday November 28, 2013 @10:02AM (#6814756)

How about having your funds sliced by sort of Cyprus scenario? How about getting ill for half a year and finding out that the inflation has eaten most of your savings away?

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Re:MtGox launches Bitcoins.com, an information site for all ... by jonknee on Thursday November 28, 2013 @10:24AM (#6814870)

I'll take my chances on a major currency (Euro/USD/GBP) over BTC in terms of volatility any day. You could find out that your BTC savings have become nearly worthless in six months. Or if you are unlucky enough to have a debt in BTC you could find out your debt has skyrocketed because of more BTC speculation (imagine you had a 1000BTC loan back when it was $10 a coin).

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Re:MtGox launches Bitcoins.com, an information site for all ... by GhotiFish on Thursday November 28, 2013 @05:51PM (#6816912)

yikes!!! That's actually terrifying. The dark side of inflation.

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Re:MtGox launches Bitcoins.com, an information site for all ... by sireat on Friday November 29, 2013 @04:00AM (#6818516)

The dark side of deflation actually.

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Re:MtGox launches Bitcoins.com, an information site for all ... by gaadd33 on Thursday November 28, 2013 @02:55PM (#6816121)

What major currency has such hyperinflation that it would eat away savings in half a year?

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Re:MtGox launches Bitcoins.com, an information site for all ... by GhotiFish on Thursday November 28, 2013 @05:53PM (#6816922)

half a year? Nothing comes to mind.

Interestingly, 10 years is a different story! http://www.economist.com/content/big-mac-index

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