Quote:
Originally Posted by crucifissio
exactly as evocash and egold...its already moving underground and OTC...heaven for scammers...history repeating...next step is the closing of US exchangers and the popping up of offshore shady ones, more open to scammers and their sheep cashing in and out...then some of them will get popped and it will really really really move underground...just like egold did...then it is scammers paradise with many small exchangers half of whom are out right scammers and the other half are rippers and idiots...
then you are only left with idiot customers who are addicted to online ponzis or drugs or whatever and predatory exchangers who are just looking to rip as much as possible...normal people will not stay...its a spiral...
bitcoins are exactly like 1mdc...1mdc was a currency within a currency...no office, no bullshit, low low fees because none of the money actually left the egold pool account, secure as fuck, anon like nothing I have ever seen...for fucks sake there was not even a field where you could enter your name  I mean they plain did not give a shit! LOL...
what really killed 1mdc was that everybody left at the first sign of trouble...they never recovered...neither did evocash...neither did egold...nor will bitcoins... |
Its not already moving underground, thats how it started. Bitcoins already had one really hard crash and it recovered, but they will never disappear unless there is some problem with the code itself. It can go to 50 cents for all I care its still there and people will use it. Even if its just used for gambling, drugs and porn that is a HUGE market. They will never stop person to person transactions.
Here are the people buying and selling in Madrid right this moment. No exchange needed. You are comparing apples to oranges here. P2P currency is different than what you were dealing with.
https://localbitcoins.com/postal_code/sp/madrid/