1. It was used to power the largest illicilt drug network online.
2. The biggest exchange goes down, and has close to half a billion stolen from it?
Yep, let's leave it unregulated forever!
The world is ready for a crypto currency, no doubt, but Bitcoin isn't it.
I can see a Google coming out with Googlecoin, where they pay for all the infrastructure (no miners), guarantee the currency, make it easy to buy/sell/exchange, and have the capabilities to tango with the government's worldwide when they do decide to regulate, while fixing up some of the other inherent flaws with Bitcoin. Google in turn would just charge service fees on every transaction and thus create and control a massive payment system. And when a Google, or an Apple, or some other company does try something like this, it will really be the deathbed for bitcoin.
If anyone knows how I can short Bitcoins, please feel free to post in this thread. Is there a way to short Bitcoin?
If there isn't an inherent way to place a bet against a currency, I'd say that's pretty unfair and another example how its easier to go long on it and drive the price up, but harder to sell or short the stock. Last I checked, MTGOX also put a withdrawal limit on Bitcoins, but you could basically buy an unlimited amount?