Bitcoin No More?

Figured I'd add this link... http://www.mail.com/scitech/news/26...tage-hero1-6

I'll stick to silver thank you very much, I love computers and tech but heck one 12 year old with good typing skills and bad morals and the cyber world is not enough!

The only thing I can come up with here is a sense of amusement. Digital currency lacks even the tenuous government backing of fiat currency - it's only real because you believe it is. No intrinsic value, no government endorsement. And it's subject to the whim of every Black Hat coder out there, who will always be one step ahead of the White Hats. You don't even need to be a business insider to exploit it, and as has just been proven, you don't need to know squat about computer security to set yourself up as a "broker" and handle $millions in value of other people's "assets."

Hilarious, and anyone playing in that pool is getting what they deserve. Perhaps standalone digital currency has a future, but I don't believe I'll be alive long enough to see it established in worthwhile fashion.

It does when the product itself is basically a corrupt scheme. People have had millions stolen left and right time and time and time again with bitcoin. The list of fraud on it is impressive.

Trying to compare it to someone making a bad stock move is apples and oranges. It would be more like someone setting up their own Wall Street and then after they got a bunch of investors just one day closing down and leaving with their money.

I mean the irony of setting up a digital governmentless currency with no regulation or recourse for anything because fiat money is "worthless" or in trouble hits harder than a 2x4 across the face.

The only future of digital currency is if a first world nation switches to it. There may always be some people using things like this but most people are going to realize what a bad idea it is to put their money into it or accept it as payment.

Its literally the perfect crime and probably technically isn't even criminal. You can just take off with millions and theres nothing anyone can do about it. Good luck trying to get this tried in international court even if the person is found. That doesn't even get into the fact that most of the thefts were likely from people you would literally need at least a battalion of Marines or some Seal Teams with you to attempt to capture them.

If someone has some free ones and wants to see if they can make some more off the price change by all means go ahead. If you have money in it though cash out while you still have the money. Theres nothing legitimate about its set up or what happens with it in practice.

I don't think so. The people who used Mt. Gox had way too much trust for their own good. I think the real problem is the evident lack of honesty and integrity.

Zombucks Vs. Bitcoins....

when the end does come the Zombucks still work in a dark room with a match, or in the light of day with out a solar panel and massive internet infrastructure.

Not like I'm an end of times hoarder, I honestly don't think it will all go to Mad Max over night but I'd much rather have something in hand than a digital representation of something that never did exist...

Heck I keep 10 CENTS in my bank account and no more. Direct deposit day is direct withdraw day, the only bank I trust is "Hip Pocket National"

The government will probably shut it down, and come out something similar on its own under a different name, but first it will get all the profits from those that held it.

I am on the lookout for Bitcoin patterns, proofs, varieties and errors.
Haven't found any yet !