“Is this the end for the virtual currency?”
In a word, no.
“I hope most nice people got out and the dealers and hackers got burned.......”
Nobody who bought below $500 or so has been “burned” yet.
We’ll see if any of the retailers accepting it stop doing that. That might cause more downward price pressure.
I agree. In fact, I believe it will pave the way for a cashless society and we will be - shall I say - Chipped on the arm or hand for transactions.
I’m just wondering if the bankers and or governments had a hand in the hacking....after all...who has the most to lose?
It’s the end of non-governmental regulated crypto-currency.
What I don’t get is how did it happen? Bitcoin was designed to be stored personally, and record keeping was peer to peer proliferating throughout the world as a record in everybodies wallet. Why were people keeping them stored at Mt. Gox?