If the Bitcoin marketplace is this excited to accept people’s fiat – especially those who have not blown up any bailed out banks, traded on SAC-type information, or abused the NAR’s exemption from anti-money laundering provisions – one wonders just how is all the buying interest being funded? And also, whatever happened to the no transaction friction pledge surrounding the digital currency? Actually, scratch that: if there are no transactions, there can be no frictions.
Perhaps the delayed response had something to do with a purchase that took place near the bottom of the most recent selloff?
We wonder: is this how Coinbase would feel about selling at the “top” especially if Bitcoin’s USD value were to be cut in half in two days, as happened just this past weekend?
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/QO7xBxnLFw4/story01.htm Tyler Durden