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Any of these psuedo-currencies are going to be insolvent.
“Mt. Gox will close for one month as part of a four-step rebranding plan”
LOL. $350 million and they are going to “Rebrand”. That will make people trust them.
Dam! didn’t see this coming. [sarc]
Hah! All the Bitcoin haters come out of the woodwork as usual.
This is exactly as significant for Bitcoin as a bank robbery is for the dollar. Bitcoins are just as “real” as US dollars (both mostly exist as bits in a computer memory). The main differences are Bitcoins can’t be manipulated like dollars, they’re much less inflationary, and they’re independent of any particular government. They can also be sent anywhere at low cost. Those are good things.
Precious metals have their place too, the strengths of the two complement each other.
“Bitcoins” are a clever Ponzi scheme. Get in at your own risk. As soon as the government figures out if they are money, a money transfer system, an investment package, or a Ponzi scheme you will see massive regulations from Washington.
no way they lost almost 800K BTC and don’t know where the coins went. Sounds like they got stuffed in someone’s personal account.