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Re: docmunny post# 116320

Monday, 02/17/2014 11:41:35 AM

Monday, February 17, 2014 11:41:35 AM

Post# of 341664
Bitcoin is not dead...

Do you seriously trust Silkroad and their comments on the matter? If so I have to ask... Why has coin base or any other major exchange not been affected? MtGox is a joke and their issue does not come from the BTC network but rather incompetence in writing safe software... I mean hell, they (gox) were never even anticipating selling BTC in the first place and it just happened.

I agree it's probably not the wisest choice as of right now to push BTC as the machines selling point mainly due to the negative publicity surrounding it right now but if they use coinbase (most likely) then there is really nothing different from using BTC to purchase things from Amazon, TigerDirect, Overstock or any other major retailer that currently accepts bit coins. Offering customers multiple forms of payment is a bonus, not a necessity at all.

Just because one guy claims to have been hacked does not bring down an entire community. Banks get robbed all the time and has that brought down banks? 2.7million (stolen $ amount) is a tiny amount of the current market cap of $7,808,567,756.00 for BTC

Any security issues (if there even are any) will be addressed and pushed out. As of yet I still haven't seen any actual proof that the exploit exists that these shady characters are claiming. Saying that BTC is only for laundering... come on, seriously? Have you not watched retailers adopting it lately?

Go ERBB!