101–104 of 104 posts
And nothing of value was lost.
I can sell my BitCoins immediately for about $250 (what I originally put in). How can you sit and say it has "no value"?
The time seems right for the first bitcoin insurance company.
Only problem. Who would insure a data file of unknown value?
The real problem is figuring out whether an address has been actually stolen, or whether the user is indulging in a spot of insurance fraud.
Earlier quoted context omitted.
This is an inefficiency of the market. You must have some level (perhaps not rigidly set) of inefficiency at which you would conclude that some type of government regulation would make the market more efficient. Otherwise you'd accept any level of inefficiency as the market working, at which point it's just an ideological label. Although it's not clear that regulation of bitcoin is even possible, we can still conside…
What makes you think the government can run an economy? Our economy, despite recent "deregulation" is the most regulated, especially when you count criminal and civil law as well, in the world. There are countless laws against selling known-bad products (lemon cars, toxic mortgages, etc) and we could have almost everyone involved in the recent collapse behind bars if we tried. We pay through the nose for the regulati…
Earlier quoted context omitted.
I can sell my BitCoins immediately for about $250 (what I originally put in). How can you sit and say it has "no value"?
Some people believe that price and value are the same thing. Others, not so much. It's not inconceivable that Ted here holds the latter opinion.