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I'm glad I am coming across clearly then! Yes I find bitcoin to be an awful thing and actively suggest to people not to use it. Do you know what happens when someone steals my credit card/bank card? I get a call telling me it has been stolen and they send a new one via mail, all charges (if any) are reimbursed and the guy who stole it normally goes to jail. Guess what happens if someone steals your bitcoin wallet. Also guess what happens if the bank I have money stored in goes bankrupt. Let me tell you it turns out nothing like the Mt. Gox situation. People are estimated to lose a total of $500 million dollars from Mt. Gox. That has to go down as one of the bigger losses in history, I would think.
I'd hardly say it was one of the bigger losses in history. Just look at the Lehman brothers back in 08 when they filed for bankruptcy with over $600 billion worth of assets. I think another way of looking at bitcoin at this juncture is that it is a useable 'share' that you might find on the ASX or NYSE etc that you can use to purchase goods and services.
As far as the loss of funds are concerned that is down to Bitcoin still being quite an immature currency. Life is unfair sometimes. For example, I took an $11000AUD loss on my first car after selling it after 4 months due to a faulty DSG gearbox in it (VW Polo TDI DSG - DQ200 gearbox issue). VW would not admit to it being a problem, but just google DQ200 DSG problems and you'll see that it is a worldwide issue. Am I going to get that $11000AUD back? unfortunately no, the class action against VW was pulled as there was no way we could beat a multi-billion if not trillion dollar company in court.
Although with the Bitcoin MasterCard now available it will be interesting to see how that pans out with fraud and if the banks associated with the card will pay up if fraud occurs to a client/customer. Also I think if people understand the risks (and benefits) associated with the usage of bitcoins, then I see no issue with Bitcoin. You could say that anyone using bitcoin at this juncture are beta testers/early adopters for the currency.
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I didn't even realise this exists. It is great for the currency though, providing jobs etc.
http://www.coindesk.com/europes-first-bitcoin-centre-open-france/
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