Mt. Gox CEO Karpeles says Bitcoin exchange is at "turning point"

Re:Mt. Gox CEO Karpeles says Bitcoin exchange is at "turning... by shiftpgdn on Tuesday February 25, 2014 @12:43PM (#7299085)

The vast majority of bitcoin users aren't in it just for speculation. Besides this only affects Mt. Gox and not the dozens of other trade floors that are legitimate. If you'd do even a modicum of research you'd find there is more to Bitcoin than ponzi scheme price pumping.

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Re:Mt. Gox CEO Karpeles says Bitcoin exchange is at "turning... by jodrellblank on Tuesday February 25, 2014 @01:49PM (#7299564)

dozens of other trade floors that are legitimate.

Do any of these "legitimate" trading houses let you sell Bitcoins and then /take out the money/, yet?

Until that's actually possible, for decent amounts, as a regular thing, Bitcoin's price is a sham of artificially trapping and holding people's money.

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Re:Mt. Gox CEO Karpeles says Bitcoin exchange is at "turning... by shiftpgdn on Tuesday February 25, 2014 @02:00PM (#7299641)

I sold 2BTC on coinbase (a YC comapny) recently. So no the price is not a sham.

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Re:Mt. Gox CEO Karpeles says Bitcoin exchange is at "turning... by jodrellblank on Tuesday February 25, 2014 @08:55PM (#7302248)

That's not enough evidence to support that claim.

When anyone can sell any amount of bitcoins they like so the price could adjust freely, then the price would not be a scam.

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Re:Mt. Gox CEO Karpeles says Bitcoin exchange is at "turning... by shiftpgdn on Wednesday February 26, 2014 @09:15AM (#7304988)

But anyone CAN sell bitcoins freely. Just because you've tied them up in an exchange doesn't prevent bitcoins from being sold.

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Re:Mt. Gox CEO Karpeles says Bitcoin exchange is at "turning... by marban on Tuesday February 25, 2014 @12:59PM (#7299215)

In pure numbers, it affects around 10 - 12% of the market to be precise.

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Re:Mt. Gox CEO Karpeles says Bitcoin exchange is at "turning... by tjaerv on Tuesday February 25, 2014 @01:07PM (#7299262)

Would be interested to see a source for this figure. I might have thought the estimate to be somewhat higher.

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