"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Bitcoin is getting torpedoed due to sloppy internal coding and outsiders exploiting this in hopes of ripping off the system. Yesterday bitcoiners were saying problems were just at one exchange, a technical glitch, and easily solved. Â They sounded like the…
Why anyone would want to buy a flaky net-based currency that trades in psychotic price swings is beyond me. My guess is Wall Street banksters have figured out how to manipulate bitcoin prices and will pillage it until there’s nothing…
In yet another sign that Bitcoin is circling the drain, small exchanges like Bitfloor are shutting down, saying their bank accounts were closed. It’s unclear at this point if the bank accounts closings were voluntary. Primary Bitcoin exchange Mt. Gox…
Free marketeers take note: the bitcoin debacle is also what an unregulated market with no controls looks like. Actual markets have circuit breakers and shut down in an orderly manner for predetermined amounts of time when prices fluctuate beyond a given level.…
Would you want to store your money in a virtual currency that spikes in value 25% in a day? Oh, it’s great when it’s going up. But gravity will prevail soon and bitcoin will come crashing back to earth leaving…