How much, total, BitCoinage has gone “POOF”?
No one could possibly have seen this coming!
I cannot help but wonder if bit coins were under State sponsored attacks and thefts.
Is it possible that the biggest interest in destroying bit coins would be Nation States? If Bit Coins works, and eliminates State control of currency that would be an unparalleled form of freedom.
Just wondering.
I thought the whole allure of Bitcoins was the fact that they have no government involvement, regulation, etc. Why is it that every time they get ripped off they go running to the government for help?
I wonder how one goes about laundering BitCoin? I mean you steal all of it. So it becomes worthless. So what was the point of stealing it?
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Real coins:
No. No way is Bitcoin being systematically taken down. No way. It’s still a great investment. Hurry and get in while you still can make millions!
-Nigerian Prince Al Awabi
I think peer-to-peer, it is still a valid technology.
But how it can operate without some sort of main exchanges is a question.
Maybe the developers can build some sort of bid/sell protocols into the software, and have the transactions mediated on the network.
Someone stole more "Tulip Bulbs"...!
What will we do...?
if bitcoins are ‘stolen’ then is’t it easy to fin who suddenly has a lot more bitcoins?
I mean the entire history of transactions is downloaded, isn’t it?
You can only spend bitcoins through this system, who suddenly has a lot more bitcoins?
So, somebody figures a way to hack the system to steal bitcoins crashing the system and in the end make them worthless. I smell government hands in it.
Considering the coins are not worth what they were before the Gox robbery(I use the term loosely) it looks like the new crooks got robbed before they committed the robbery.
When the supposed “good” security technology can’t even keep credit card numbers safe, does anyone really think Bitcoin is ready for prime time?
We have taken every precaution to defend your bitcoins from hackers and/or intruders. However, Flexcoin Inc is not responsible for insuring any bitcoins stored in the Flexcoin system. You are entering into this agreement with Flexcoin Inc. You agree to not hold Flexcoin Inc, or Flexcoin Inc's stakeholders, or Flexcoin Inc's shareholders liable for any lost bit coins.
No matter what happens, it ain't our fault.
If “they” steal all the Bitcoins, then how much will the Bitcoins be worth?
Folks, if you have Bitcoins, I’d suggest you keep them in YOUR OWN “WALLET” ON YOUR OWN COMPUTER. And then protect your own computer from attack or unauthorized access using standard security software.
“bitcoin” is a cleverly-implemented ponzi scheme.
You don’t “mint” them. You run a program that conforms to certain rules, and another program “says” that you have a bitcoin.
You don’t have anything. They don’t exist.
That would be OK if it were only a game that people play. But some people foolishly traded in real dollars for cleverly-designed pixels on a screen.
After Mt. Gox shut down, and now $615,000 is stolen, is this the end of BitCoin?
No.
$615K is a rounding error for some institutions.
The secret hacker basement under the Federal Reserve has been busy undermining any non-State/non-Central Bank currencies ...