The New York Times has an article by
Rachel Abrams,
Matthew Goldstein, and
Hiroko Tabuchi about the slow death of
Bitcoin:
Erosion of Faith Was Death Knell for Mt. GoxMt. Gox, once the largest Bitcoin exchange in the world, filed for bankruptcy protection recently, and said that it might have lost 750,000 of its customers' coins in a hacking attack.
Rico says this is why 'real' currencies are backed by something other than wishful thinking (and gold
is good, though we stupidly went off it awhile back)...
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