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

["[SCA] SCHWARTZ, Fernando G." <fgs@example.com>]

On 02/27/2014 02:25 AM, Stephen J. Turnbull wrote:
> Those institutions get the hives looking at national currency
> volatility.  Since there's nothing to back Bitcoin except money
> laundering and far-right paranoia, it's hard to see a high valuation
> as anything but a bubble from the point of view of traditional
> financial institutions (Bank of America's "max $15 billion" estimated
> valuation notwithstanding -- and 15x10^9 is peanuts to those guys
> anyway, unless they can get it all).  The money in credit cards and
> withdrawal fees at ATMs is *way* bigger.
>
> If it does take off (the total valuation of Bitcoin reaches $100
> billion, I'd guess), yeah, those guys will be all over it.

I genuinely believe there is a niche of good people right there too. 
Isn't black market alone. Although it'll be forever linked to its "black 
roots", that's for sure.

And that's one of my outstanding questions right now. Can it survive 
being niche? 'Cause it'll be niche for quite sometime following this.

Furthermore, I'll be interested to see if Mt.Gox leads to "Satoshi 
Nakamoto", BitCoin's father so to speak. Their eventual connection.

http://www.coindesk.com/information/who-is-satoshi-nakamoto/

In other words, it's known that "Nakamato" mined quite a sum in the 
early days. Was this malleability flaw fabricated?

Just my instinct; I do believe BitCoin was indeed "made in Japan".

People here with access to local material in Japanese will learn it first.

Regards, Fernando.



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                 SCHWARTZ, Fernando G. ~ fgs@example.com /
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