Posted on 03/05/2014 12:07:57 PM PST by Mad Dawgg
The American CEO of an exchange for the troubled bitcoin digital currency has been found dead after a suspected suicide at her home in Singapore.
Wisconsin native, Autumn Radtke, 28, was discovered inside her apartment on February 28 and officials in the South East Asian city state are now waiting for toxicology test results to determine the exact cause of death.
Douglas Adams, the non-executive chairman of First Meta confirmed that his colleague had passed away in a statement which said the company was 'shocked and saddened by the tragic loss of our friend and CEO Autumn Radtke.'
The death of Radtke is the latest piece of bad news to hit the crisis-ridden bitcoin currency following the collapse of the Japanese-based Mt Gox exchange last week after $400m went missing and the closure of the Flexcoin bank yesterday in Canada after computer hackers robbed $600,000.
(Excerpt) Read more at dailymail.co.uk ...
The failure was with Mt. Gox. Not Bitcoin.
The point you are missing is that Bitcoin can't be controlled regardless of what the government wants to do. They can try to control people but they can't control Bitcoin. They can try to prevent you from buying it by going after the exchanges but there is nothing they can do to stop you from transacting with it. It is a world wide currency. It can be transacted with through encrypted channels which protect your identity. It is a tactic which can be utilized to thwart tyranny. Using it is an act of rebellion. The more people that use it, the harder it will be for them to stop it.
So are you telling me that your answer to the question....
If we must have a fiat currency that is backed by nothing, why shouldn't it be Bitcoin?
....is "because my government masters don't like it" ???
Other than mindless comparisons to tulips, the most common reaction to Bitcoin I hear is "I am too scared of what the government thinks about it"
Thank God our forefathers didn't think like some of you people.
Wrong. It is immune to regulation. Americans are not immune to regulation but Bitcoin is. The powers that be can tell you as an American on American soil you are not allowed to buy Bitcoin. They can tell an exchange that they are not allowed to trade USD for Bitcoin but there is nothing they can actually do to the the Bitcoin protocol to change it in any way.
― Samuel Adams
Find something you want to buy on a site that accepts Bitcoin. Overstock.com perhaps. Purchase the exact amount of Bitcoin you need from bitstamp.com. Then purchase the item from Overstock with the Bitcoins. There is no risk.
Become part of the solution.
I’m with you. When Bitcoin first started I wondered how long it would take the “powers that be” to shut it down as ruthlessly as one would imagine they would.
Yeah and look at what happened to THOSE companies!
bkmk
Good connection! Wade Rathke (note the different spelling) was a founder of ACORN.
Your #2 is erroneous because it is private bankers who (in the US it is the euphemistically named Federal Reserve) actually hold the purse strings and they are not bound by any nation state in the final analysis else the Bush family would be in prison from their grandfather aiding the Nazis in the 1930s.
>> Wrong. It is immune to regulation. Americans are not immune to regulation but Bitcoin is.
Only because you’re limiting the methods for regulation.
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