What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.
In the aftermath of the oh-so-predictable crash, the Bitcoin fanatics have begun marshaling out excuse after excuse for why this non-investment investment lost so much of its value so fast. One was that hackers attacked some of the exchanges for Bitcoins and crippled it. Really? A hacker can wreck an entire market?
I don't think it's any sort of stretch of the imagination to say that, very, very realistically, each single bitcoin, if bitcoin becomes popular, will have to be worth at least tens of thousands of dollars.
Anybody who has enough information about what's going on in the bitcoin world, you would not buy your bitcoins on Mt. Gox.
If the U.S. government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and Singapore, and all those Americans will miss out on all the opportunities.
I'm happy to see NXT grow. Everything they are doing, they are going in the right direction.
Bitcoin's success will guarantee Bitcoin's success.
We believe existing currencies may move into becoming more of a crypto-currency.
I consider the guys at Mt. Gox my friends.
When we think of Gemini.com, it will be like a Nasdaq for bitcoin.
What value does cryptocurrency actually add? No one's been able to answer that question for me.
I don't think Bitcoin cares what the Chinese or American politicians do.
I've been an entrepreneur and venture capitalist in the cryptocurrency industry for a long time, working with numerous projects.
If the cryptocurrency market overall or a digital asset is solving a problem, it's going to drive some value.
Whenever the price of cryptocurrency is rallying, people start spending a lot more.
The value of Bitcoin is astronomical, but the price goes all over the place as a million buyers and sellers try to figure out what that value is and how likely it is to manifest.
If there is one positive takeaway from the collapse of Mt.Gox, it is the willingness of a new generation of Bitcoin companies to work together to ensure the future of Bitcoin and the security of customer funds.
