Is this the accepted narrative? It seems overly generous to bitcoin and the various exchange operators. A lot of these exchanges were shutdown by their owners so they could, with impunity, steal the coins of their customers and other dirty dealings. Hacker attacks, which are often used as cover for these criminal activities, seem to have been the least of bitcoin's problems.
> I think overcoming the regulation issues and having actual proper accountability will help bolster the credibility of the exchange.
If I wanted to use an easy and stable regulated currency why not the USD? I can trivially pay using a variety of sources: my own bank, paypal, my credit cards, direct deposit, wire, etc. If bitcoin gets turned into a strongly controlled and regulated currency then I don't see its competitive advantage outside of very, very narrow use cases (darknet purchases, investing, ransomware, illegal activities, etc).
Is this the accepted narrative? It seems overly generous to bitcoin and the various exchange operators. A lot of these exchanges were shutdown by their owners so they could, with impunity, steal the coins of their customers and other dirty dealings. Hacker attacks, which are often used as cover for these criminal activities, seem to have been the least of bitcoin's problems.
> I think overcoming the regulation issues and having actual proper accountability will help bolster the credibility of the exchange.
If I wanted to use an easy and stable regulated currency why not the USD? I can trivially pay using a variety of sources: my own bank, paypal, my credit cards, direct deposit, wire, etc. If bitcoin gets turned into a strongly controlled and regulated currency then I don't see its competitive advantage outside of very, very narrow use cases (darknet purchases, investing, ransomware, illegal activities, etc).