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comment by mk
mk  ·  3928 days ago  ·  link  ·    ·  parent  ·  post: MtGox Implodes, Shuts Down

I can't wait until Krugman weighs in.

It will be interesting to see how the other exchanges try to regain confidence. I cannot see how bitcoin can become mainstream without hosted wallets. The anti-regulation argument is typically based upon the idea that customers will flock to the best provider. However, to the extent that any provider is a blackbox, customers simply cannot make an informed decision.

A few months ago, it would be reasonable for a new user to use MtGox. They were the oldest and largest exchange.

EDIT: Just saw this address with 782,558 BTC transacted via HN:

https://blockchain.info/address/1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew





bgritzut  ·  3928 days ago  ·  link  ·