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General discussion

Collapse of Bitcoin, IMF, Governments, No Oversight

Jun 19, 2011 9:22PM PDT

Dear Buzz Gang and Crew,
The collapse of "BitCoin" points to another situation which proves that without collective agreements and or some form of support structure from IMF or governments that a new form of currency cannot survive. BitCoin problem is that it has no real regulation governing trade or exchanges for goods or services. Until more oversight is created, more problems like this will continue and eventually undermine the faith of the exchange.

Later People.

http://www.wired.com/threatlevel/2011/06/gox/
http://www.theregister.co.uk/2011/06/19/bitcoin_values_collapse_again/
http://www.pcworld.com/article/230377/worlds_first_virtual_heist_bitcoin_user_loses_500000.html
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Discussion is locked

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Other currencies have also failed in history
Aug 2, 2011 5:03AM PDT

Bitcoin is an interesting experiment. But I think we all have a responsibility that Bitcoin and other digital initiatives will grow. At moment there are not only technical problems but there are also political problems - recently there was one interesting article in Reuters with senators seek crackdown on Bitcoin....

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:l
Sep 11, 2011 5:47PM PDT

I still hold hopes for the BitCoin
industry/market.. I mean, it just looks promising to me, the idea of such a
currency. If only they can manage to oversee it properly. Blush fisher capital management