By: Daviz

Daviz — Tue, 27 May 2014 16:11:10 +0000

First off I do not agree with exchanges or banks they both need to go away. I find it hilurioas every time one of them gets hacked. What you argue about an exchange owner of bitcoin raising the exchange rate by 5 cents to make a profit is nothing illegal. Gas stations do the same thing, they value their gas at what price they want, that’s why gas 2 miles down the road can cost 20 cents more or less. A farmers market will value their produce at insanely higher prices then walmart because of higher quality. Furthermore, people that sell bitcoin on Ebay have significantly different values then exchanges. I’ve seen 1 BTC sell as high $30 and the exchange rate as at $11. The real issue here is not the worth of bitcoins but the cost of exchange to cash. Clearly the answer is to eliminate the need to exchange to cash entirely and earn wages with bitcoin and buy goods and services directly with bitcoin. Perhaps you can write an article describing in great detail what jobs you can work for that pay in bitcoin and and list ways one would use their bitcoins to pay for food, housing, internet, etc. This would be more beneficial to people then stirring a pot of rumors and crying wolf about the exchanges.

Comments on: Has The Bank of Thailand Changed Its Position on Bitcoin?

By: Daviz