Re: [tlug] [OT] Mt.Gox Debacle. Please Comment.

[Joe Larabell <fred62@example.com>]

I was reading something just yesterday about a new service that allows
you to convert your digital BitCoins into paper... as though paper
were somehow safer...

On Wed, Feb 26, 2014 at 12:18 PM, Simon Cozens <simon@example.com> wrote:
> On 26/02/2014 02:09, [SCA] SCHWARTZ, Fernando G. wrote:
>> My feeds flooded today by Shibuya-based, Mt.Gox debacle. If there is one
>> topic I would learn everybody's opinion is BitCoin.
>
> http://www.antipope.org/charlie/blog-static/2013/12/why-i-want-bitcoin-to-die-in-a.html
>
> This was *before* it crashed the other 50%.
>
>  > Because that's one tech initiative to change the world for the better.
>
> [Citation needed]
>
>  > What you guys think about Mt.Gox
>
> So you invent a distributed peer-to-peer currency which doesn't require
> trusting a centralized institution, and what's the first thing everyone does?
>
>> I think BitCoin (the market) will naturally learn how to segregate
>> people in need of "adult supervision".
>
> Yes, the deregulated invisible hand of the market is extremely efficient at
> moving money from the 99% to the 1%, which is precisely what has happened in
> the case of Bitcoin. ( https://bitcointalk.org/index.php?topic=51011.0 )
>
> There's a reason the nickname for them is "Dunning-Krugerrands."
>
> --
> To unsubscribe from this mailing list,
> please see the instructions at http://lists.tlug.jp/list.html
>
> The TLUG mailing list is hosted by ASAHI Net, provider of mobile and
> fixed broadband Internet services to individuals and corporations.
> Visit ASAHI Net's English-language Web page: http://asahi-net.jp/en/