Hacker News new | past | comments | ask | show | jobs | submit login

Here is the actual outcome:

1. Holders of dollars at MtGox that live outside the US and have already had successful withdraws to their home-country banks withdraw now. (Source: I just did)

2. Then we sell a large portion of our bitcoins (essentially just leaving the, "if I'm wrong" fund of bitcoins, about 20% of what we bought way back when it was $1 or $5 or whatever).

3. Then we withdraw that amount to our home country bank.

4. Then we wait for the next 2 months as speculation of DHS swings the price down then up then down until DHS stikes against MtGox and the price collapses to about $20 or $30.

5. Then we figure out a way to buy back in.

6. We wait 2 years and start selling out at $1000 / BTC while people scream "currency of the future".




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: