Jump to content

Search the Community

Showing results for tags 'exchange'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • Canadian Political Discussions
    • Federal Politics in Canada
    • Provincial Politics in Canada
    • Local Politics in Canada
  • United States Political Discussions
    • Federal Politics in the United States
    • State Politics in the United States
  • International Political Discussions
    • Canada / United States Relations
    • The Rest of the World
  • Moral, Religious and Political Philosophy
    • Moral & Ethical Issues
    • Religion & Politics
    • Political Philosophy
    • Sex and Gender Issues
  • Off-Topic Discussions
    • Arts and Culture
    • Health, Science and Technology
    • Business and Economy
    • Travel, Leisure and Sports
    • Media and Broadcasting
  • News and Help
    • Support and Questions
    • News and Announcements
  • DataVis's Events
  • Sudo Intellectuals Club (by Michael Hardner)'s The Clubhouse
  • Sudo Intellectuals Club (by Michael Hardner)'s Suggest A Topic
  • Sudo Intellectuals Club (by Michael Hardner)'s Where is the World Headed ?
  • Sudo Intellectuals Club (by Michael Hardner)'s Media Hot and Cold
  • No Rules/Free Speech Club's General Talk
  • No Rules/Free Speech Club's Club Suggestions
  • No Rules/Free Speech Club's Canadian Politics
  • No Rules/Free Speech Club's US Politics
  • No Rules/Free Speech Club's World Politics
  • Jah Rules / Talk Is Cheap comedy club's No comment.
  • Democratic Dictatorships's Countries
  • Whatever I damn well want to talk about.'s Topics
  • Ice Hockey's NHL Hockey Talk
  • Anything Off Topic's Climate Cultists
  • Anything Off Topic's U.K. Europe and Illegal Migration
  • Anything Off Topic's Israel BDS Movement
  • Anything Off Topic's Trudeau and Senate
  • Anything Off Topic's Affirmative Action and Diversity
  • Anything Off Topic's A Tax on Home Equity is wrong
  • Anything Off Topic's Affirmative Action
  • History's General History
  • News of the Day's 2 more Catholic churches burned down in B.C.'s Interior
  • News of the Day's Topics

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start





Website URL







Found 1 result

  1. I give it six months before Bitcoin is just a thing of the past. Several exchange nodes have been hit via cyberattacks. This is the most damaging attack on the currency system. I had predicted this to my friends, and looks like the prediction is coming true. I had a feeling if the currency was to fail or encounter major problems, it is not with the currency itself but the infrastructure and systems on which it is built is vulnerable to cyber attacks. If you understand fiat money is based on nothing, bitcoin is based on even less. Now about 750,000 bitcoins could potentially be lost. http://www.cbc.ca/news/technology/mt-gox-shutdown-a-major-blow-for-bitcoin-1.2550256 This is the equivalent of a 'bank holiday'. A run on the exchanges would crash the value of the currency, so to prevent that, deny people access to their money. The attack on bitcoin has been global. China shut down exchanges operating out of China associated with Bitcoin. Leaving the Silk Road aside, people flocked to Bitcoin because it circumnavigates all main stream banks. No or very small fees, anonymity in exchange, no tax. I see this as a systematic attack from the banks on the Bitcoin exchanges as they have the most to lose with people moving to cryptocurrencies. Governments hate it because they cannot control it or tax it. Once they do they have to start treating it like a legitimate form of currency. The banks do NOT want this kind of thing to happen. So anyways, Bitcoin will die, but as a result I still consider it a success.
  • Create New...