Sunday, April 20, 2014

Mt.Gox Userbase tries to rescue the exchange, Banks try use the situation lobbying for regulations on Bitcoin

Hi dear forum!
I hope you are well and not too affected by the roller-coaster which is the Bitcoin story at present.
Shortly after Mt.Gox declared bankruptcy, 200.000 Bitcoin were re-discovered in an old wallet..., and Mark Karpeles the french former CEO of Mt.Gox has refused to attend any hearings in the US fearing his arrest should he show up. A about 13 years ago this would have looked awfully like an attempt to wiggle out after cheating users of their cash.
Thirteen years change a lot. Thirteen years changed our trust into Capitalism into healthy mistrust, changed our savings amounts to being worth less than before, and they have certainly changed human relations.
I am not informed about particular areas where you might live, yet in general it becomes really hard for people to organize basics such as a roof above the head, food and care for your family and maybe even a car. If you have been in the unfortunate position to owe money to an organization or bank, everyday life may become somewhat a chore.
The Stigmata attached to the problem are almost worse. Have you ever looked at a homeless person thinking: "Bloody banks f*cked him/her up good..."?
Probably not.
Yet millions of people loose their house while a few fat social parasites get bonuses for bowing deep enough when asking for governmental bailout. Which was paid from your money, be sure.
What a blessing it would be, if some people remembered their rights and asked their elected leaders on how they intend to rectify this wrongful flow of unreasoned funds?
To big to fail... what is this? And when is the number of individuals to big to fail? A handful of banks deserves to be saved, yet millions of us sit back and enjoy the show.
Now, after these 13 years, the whole Mt.Gox story seems either like an orchestrated attack with masterplan against Mt.Gox, a shady story with dark patches and maybe internal intrigue, the not so intelligent attempt of a few to line their pockets or even the possibility i described at the beginning. It just does not seem so likely anymore...
It does not look like the Mt.Gox is going to end soon, yet it is unlikely to spawn a battle as with Kim Schmitz. Yet the latter has several charges against him in the US and still roams free.

In the meantime banks try surfing on the wave of grief over lost funds while pushing legislation for regulation on Bitcoin. Probably aiming on giving them the control over the trade into fiat currency which would make anonymity again a plaything of the rich and powerful.
There are words for people who protect what would like to have and not only what they own: Despot, Tyrant, Thief, Warmonger, Murderer.
The state of New York has already drafted a bill on Bitcoin regulation as they proudly pronounced when the rest of the financial world murmured such a plan. How handy...
Ah... banks... always on the lookout for other peoples money.

In case this sounds like a depressing start into the week - Lighten up! It can only get better.
If not, at least you learn how it feels if you want to topple your gov.

Free money - no such thing. Yet i can offer you free Bitcoin! Visit our Bitcoin surfbar and collect free Bitcoin 24/7. With little effort you will gain thousands of dollars worth of pocket money.

Back soon with more news!

See you soon forum.

Regards, Tim

1 comment:

  1. YoBit lets you to claim FREE CRYPTO-COINS from over 100 distinct crypto-currencies, you complete a captcha one time and claim as much as coins you want from the available offers.

    After you make about 20-30 claims, you complete the captcha and keep claiming.

    You can click CLAIM as much as 50 times per one captcha.

    The coins will held in your account, and you can convert them to Bitcoins or USD.

    ReplyDelete