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After Mt. Gox shut down, and now $615,000 is stolen, is this the end of BitCoin?
1 posted on 03/04/2014 8:42:51 AM PST by Izzy Dunne
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To: Izzy Dunne

How much, total, BitCoinage has gone “POOF”?


2 posted on 03/04/2014 8:47:27 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: Izzy Dunne

No one could possibly have seen this coming!


3 posted on 03/04/2014 8:48:13 AM PST by babble-on
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To: Izzy Dunne

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.


4 posted on 03/04/2014 8:49:11 AM PST by DariusBane (Liberty and Risk. Flip sides of the same coin. So how much risk will YOU accept? Vive Deco et Vives)
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To: Izzy Dunne
Flexcoin will attempt to work with law enforcement to trace the source of the hack.

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?

5 posted on 03/04/2014 8:50:44 AM PST by Cementjungle
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To: Izzy Dunne

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?


6 posted on 03/04/2014 8:51:03 AM PST by kjam22 (my music video "If My People" at https://www.youtube.com/watch?v=74b20RjILy4)
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To: Izzy Dunne
Imaginary Coins:

.

.

Real coins:


8 posted on 03/04/2014 8:51:35 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: Izzy Dunne

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


10 posted on 03/04/2014 8:52:22 AM PST by Obadiah (I Like Ted.)
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To: Izzy Dunne

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.


11 posted on 03/04/2014 8:54:06 AM PST by djf (OK. Well, now, lemme try to make this clear: If you LIKE your lasagna, you can KEEP your lasagna!)
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To: Izzy Dunne
OMG!

Someone stole more "Tulip Bulbs"...!

What will we do...?

12 posted on 03/04/2014 8:54:35 AM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Izzy Dunne

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?


13 posted on 03/04/2014 8:54:36 AM PST by Mr. K (If you like your constitution, you can keep it...Period.)
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To: Izzy Dunne

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.


14 posted on 03/04/2014 8:56:02 AM PST by diverteach (If I find liberals in heaven after my death.....I WILL BE PISSED!!!)
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To: Izzy Dunne

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.


16 posted on 03/04/2014 8:58:04 AM PST by ImJustAnotherOkie (zerogottago)
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To: Izzy Dunne

When the supposed “good” security technology can’t even keep credit card numbers safe, does anyone really think Bitcoin is ready for prime time?


19 posted on 03/04/2014 9:01:25 AM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: Izzy Dunne
From the Terms of Service:

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.

20 posted on 03/04/2014 9:02:29 AM PST by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Izzy Dunne

If “they” steal all the Bitcoins, then how much will the Bitcoins be worth?


23 posted on 03/04/2014 9:06:14 AM PST by cincinnati65
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To: Izzy Dunne; Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; ...
Thanks Izzy Dunne


Click to be Added / Removed.

24 posted on 03/04/2014 9:07:45 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Izzy Dunne

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.


28 posted on 03/04/2014 9:17:09 AM PST by House Atreides
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To: Izzy Dunne

“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.


40 posted on 03/04/2014 9:43:55 AM PST by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: Izzy Dunne
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.

44 posted on 03/04/2014 10:05:52 AM PST by Lee N. Field (I beat wasp nests with a stick for fun.)
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To: Izzy Dunne

The secret hacker basement under the Federal Reserve has been busy undermining any non-State/non-Central Bank currencies ...


48 posted on 03/04/2014 10:17:49 AM PST by spodefly (This is my tag line. There are many like it, but this one is mine.)
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