UngratefulTony
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August 05, 2016, 11:08:56 PM

JJG, you're such a cuddly and credulous creature. Giving these guys the benefit of the doubt after they forced themselves on you like a dogecoin kingpin from Bristol...

I was thinking... perhaps... this is actually good for Bitcoin!

1) The fallout from a bankrupt Bitfinex will probably do less damage than if those $40 million of leveraged longs were caught up in a cascading margin call.

2) 120k BTC off the market, very dangerous to deposit it into a fiat interfacing exchange, at least any time soon and in any significant quantity.

3) The main option to short BTC for westerners is now gone. Back to the good 'ol days of clean buying and selling.

4) The event creates a chilling effect on sending BTC anywhere... lessening the need for any kind of maxblocksize increase! Status quo baby!

So, chin up guise!