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mk  ·  4759 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin's comeback: should Western Union be afraid?
40%? I wish if I stole something off someone all I had to do was return under half.

Yes. The dude that supposedly ran the site, "Tom Williams" remained anonymous. I only had 10 BTC there, and didn't really bother to move my wallet for that reason.

I did just open a Dwolla account last night, which might be a bigger threat to Western Union. But, if I was doing illegal stuff, I guess I would seriously look into bitcoin.

With a system that's neither tangible or backed by governments I don't see where the trust can come from.

I think the trust might be based in the average desire for people to hoard it. That might improve as exchanges between BTC and other currencies increase, but as long as it remains loosely tied to other currencies, I think it will remain very volatile. That said, it could be a good tool for speculating alone. In fact, the reason I opened a Dwolla account was in part to buy my 10 BTC back. Why not? I don't see why hype can't drive it back up again.

This time I'll hold onto my wallet though. :)