Bitcoin collapse : losses lead to mt. gox chief arrest

Daitengu
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Bitcoin collapse : losses lead to mt. gox chief arrest Aug 1, 2015 5:31:55 GMT -6 727sky, omegalogos, and 1 more like this

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Post by Daitengu on Aug 1, 2015 5:31:55 GMT -6

Figured it would happen ...... the mt. gox chief been arrested in japan ...... hope he has fun in japanese jail as foriegners in jail in japan are even lower than japanese prisoners in jail ...... one place you never want to be in japan if your a foriegner is in a japanese jail ...... it not country club like western jails ......

link

Shoganai neh ......

Never play leapfrog with a unicorn

727sky Teniente Writer Summa Cum Laude Posts: 2,034	Bitcoin collapse : losses lead to mt. gox chief arrest Aug 1, 2015 6:35:19 GMT -6 Daitengu, omegalogos, and 1 more like this Quote Select Post Deselect Post Link to Post Back to Top Post by 727sky on Aug 1, 2015 6:35:19 GMT -6 I never jumped on the Bitcom band wagon. Still glad I never did.
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Doug
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Bitcoin collapse : losses lead to mt. gox chief arrest Aug 1, 2015 7:34:04 GMT -6 Daitengu, Glencairn, and 1 more like this

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Post by Doug on Aug 1, 2015 7:34:04 GMT -6

I never understood BitCoin. And I really did try to understand it. But even with all my research, it still smelled like a ponzie scheme to me. I predicted that the Euro wouldn't last more than thirty years as well and that looks to be panning out. Same with the BRICS market, except that one will crash even sooner.

Beware the man who has one gun, he probably knows how to use it.

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Bitcoin collapse : losses lead to mt. gox chief arrest Aug 1, 2015 8:10:05 GMT -6 Daitengu, Glencairn, and 2 more like this

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Post by Deleted on Aug 1, 2015 8:10:05 GMT -6

Aug 1, 2015 7:34:04 GMT -6 Doug said:

I never understood BitCoin. And I really did try to understand it. But even with all my research, it still smelled like a ponzie scheme to me. I predicted that the Euro wouldn't last more than thirty years as well and that looks to be panning out. Same with the BRICS market, except that one will crash even sooner.

I'm in the same boat, and like you, I did try to understand it. If nothing else, then for intelligent discussion of the topic in debate.

I get most of it. What I never really understood was the generation of the currency in the first place. It always struck me as getting something from labor no one cared about except that end result...and how does that work for produced value? Just never made sense....

rickymouse Sargento Primero Posts: 1,250	Bitcoin collapse : losses lead to mt. gox chief arrest Aug 1, 2015 8:53:11 GMT -6 Daitengu likes this Quote Select Post Deselect Post Link to Post Back to Top Post by rickymouse on Aug 1, 2015 8:53:11 GMT -6 I have very little faith in the American Dollar as being secure. I sure wouldn't put any faith in BitCoin.

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Bitcoin collapse : losses lead to mt. gox chief arrest Aug 1, 2015 8:56:24 GMT -6 Daitengu, Doug, and 1 more like this

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Post by Deleted on Aug 1, 2015 8:56:24 GMT -6

I think the only measure of wealth to have true value right now are metals....and who wants gold? Can you eat it? Drink it (well..a couple Emperors tried..and it went poorly)? You can trade it for money ...after the crisis has passed and trading for money matters again. By then, it never helped one iota for the survival phase eh?

Lead, Copper and Brass. The three most precious metals in a true urban survival situation. Gold is for looting, not survival.

Doug
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Bitcoin collapse : losses lead to mt. gox chief arrest Aug 1, 2015 9:57:52 GMT -6 Daitengu likes this

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Post by Doug on Aug 1, 2015 9:57:52 GMT -6

@wrabbit2000,
The ONE thing that Bitcoin has going for it is that it is internet based currency and that allows every one involved to be able to understand each other. No need for interpreters or the stability of a Nation to back it. Of course there are both good and bad sides to that statement.

We are already seeing fractures in the Euro and the BRICS because of National loyalties. Both are doomed to fail in my opinion just because of that. While the Petro-dollar (based upon the US dollar) has pretty much cornered the market early on. Though it fluctuates and is considered fiat currency, it is still the big boy on the block. The new kids don't stand a chance.

It'll take a major war to upset that equation.

Beware the man who has one gun, he probably knows how to use it.

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Bitcoin collapse : losses lead to mt. gox chief arrest

Post by Daitengu on Aug 1, 2015 5:31:55 GMT -6

Post by 727sky on Aug 1, 2015 6:35:19 GMT -6

Post by Doug on Aug 1, 2015 7:34:04 GMT -6

Post by Deleted on Aug 1, 2015 8:10:05 GMT -6

Post by rickymouse on Aug 1, 2015 8:53:11 GMT -6

Post by Deleted on Aug 1, 2015 8:56:24 GMT -6

Post by Doug on Aug 1, 2015 9:57:52 GMT -6