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1. There are other exchanges that don't have this restriction. 2. Exchanges should only be used to buy and sell so if you deposit money, buy your coins quickly
by drcross 13y ago
1. There are other exchanges that don't have this restriction.
2. Exchanges should only be used to buy and sell so if you deposit money, buy your coins quickly and get them to a safe place and you don't to worry.
3. By the time further regulation exists and bitcoin infrastructure is fully developed (these are certainties) you will have missed the differential in profits.
- dragontamer 13y agoFor #3, you can certainly waste your money on it. But I see plenty of cracks in the BTC mechanism. We now know that BTC is not anonymous (Ron and Shamir gained a lot of information from public analysis of the blockchain: http://eprint.iacr.org/2012/584.pdf http://eprint.iacr.org/2012/584.pdf), we know that huge amounts of BTC are being horded (The paper tracked 90,000 BTC), and we also know that if BTC Guild weren't self-limiting themselves... they'd have enough hashing power to perform the fabled 51% attack against the BTC Network (http://mineforeman.com/2013/04/06/btc-guild-voluntarily-limits-their-hash-rate/ http://mineforeman.com/2013/04/06/btc-guild-voluntarily-limi...) So we know that the 51% attack is feasible within the BTC community... specifically by BTC Guild. Many "benefits" of BTC are flat out false, and simply the act of using BTCs often ends up getting your ISP's servers hacked like no tomorrow. (Linode hack and OVH hack) And yet you think BTC has a stable future ahead? Don't kid yourself, there are major issues here that need to be resolved. And if Mt.Gox falls, then the world's largest USD<->BTC conversion market will have failed. Sure, BTC-e might be available now... but are there any guarantees that BTC-e will survive the pressure in the long run?