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No doubt, there are some dubious offerings out there. What irks the mainstream is this: raising money from the public is a highly regulated activity and rightly so. You cant have anyone willy-nilly approaching the public for investments. This is why governments have developed laws.
The total dollar value of all bitcoin transactions processed by BitPay in 2012 was over 3 million, which represents average quarter-to-quarter growth of 50 over the past four quarters for transaction volume. "With very little resource, BitPay has already taken the place as market leader.
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