Haha, I have a friend who is the "investor" in our group of friends... thinks bitcoin is a fad and he keeps sending me articles that talk about how bitcoin is "dead" because of all this. He gets happy whenever there is bad news on bitcoin because he thinks he is right about not investing, and doesn't wanna miss out in case it's a good opportunity. I just ignore him and don't even bother explaining the situation... I tell him to stay in the stock market because he has a vagina

It's more like saying the Euro will collapse because Spain and France no longer want to use it.

It will not only effect the Spanish and the French, it will also affect everyone in the European union, and everyone that uses euros.

The people who don't use Euros will quickly think the currency is doomed because they probably didn't value it much in the first place.

Looking at Bitstamp, this didn't have a negative effect on the price.
Sure, MtGox did damage bitcoin in a way, put a dark cloud on it, but eventually that cloud will move away.

I've not taken an interest in the day-to-day price for a few months at least, but MtGox caused me to watch a a few things - particularly the LTC/BTC rate. If that had started to rise while BTC/USD fell, I was going to take it as a sign that enough people saw the Bitcoin name as damaged enough to move money to LTC, and I wanted to get in on the surge.

+1

yeah, most mainstream reports are superficial or simply wrong. sad. but good for us, more time  

in austria some media also said, that BTC is dead because the central bank of BTC is offline....WTF? 

The irony is that it's the news media industry that is collapsing.

They are hemorrhaging viewers and credibly almost as quickly as Bitcoin is gaining users and market cap.

http://www.gallup.com/poll/163052/americans-confidence-congress-falls-lowest-record.aspx

decentralized exchanges don't operate with the actual underlying asset, rather debt denominated instruments. so you would buy "8 BobOwesMeOneDollar tokens" and then take them down to bob who lives down the street and trade them to bob for 8 dollars. Next, with time, the market would provide pressure for people to federate inorder to provide deeper more liquid markets and instead of 8 BobBux, you would buy 8 FederationBux of which bob is a member. Insurance companies would arise to allow federations to price and homogenize risk among their members.

sure well there are some similarities ill grant but there are also a lot of differences. it would be a lot like localbitcoins except with price discovery. also it has decentralization which grants it resilience, if bob goes out of business than he isnt going to drag the market down like gox has. maybe he'll bring it down by a dollar or two, not hundreds. it becomes failure tolerant.

on the surface it looks a lot like localbitcoins but by operating as an open source protocol it allows for new layers to be built ontop in a way that we cant do with a centralized system like localbitcoins. its analogous to saying that "i cant really see the difference between bitcoin and credit cards, i can pay for my lunch with either one". one example would be, individual actors could federate, they could agree to accept each others instruments, then we have the best of both worlds, deep and liquid markets with the fault tolerance that comes from the decentralization of different issuers.

Bitcoin are not dead ...