Discussion in 'The Howard Stern Show' started by SIPAWITZ, Feb 28, 2014.
It's all very confusing
it's a form of internet currency
takes out all the middleman bullshit
more to come
this is the guy to talk to. ^
You have some?
The biggest Bitcoin exchange site filed for Bankruptcy this week. http://www.latimes.com/business/tec...tcoins-20140228,0,2153477.story#axzz2udp8DjNX 750000 coins valued at $450 million are missing.
Mt Gox Files For Bankruptcy After $473 Million In Bitcoins "Disappeared"
For a case study of a blistering rise and an absolutely epic fall of an exchange that i) was named after Magic: the Gathering and ii) transacted in a digital currency which many have speculated was conceived by the NSA nearly two decades ago and was used as a honeypot to trap the gullible, look no further than Mt.Gox which after halting withdrawals for the second (and final time) has finally done the honorable thing, and filed for bankruptcy. As the WSJ reports, "Bitcoin exchange Mt. Gox said Friday it was filing for bankruptcy protection after losing almost 750,000 of its customers' bitcoins, marking the collapse of a marketplace that once dominated trading in the virtual currency. The company said it also lost around 100,000 of its own bitcoins. Together, the lost bitcoins would be worth approximately $473 million at market prices charted by the CoinDesk bitcoin index, although the price of Mt. Gox bitcoin had fallen well below that index after it stopped bitcoin withdrawals in early February."
The punchline: speaking to reporters at Tokyo District Court Friday after the bankruptcy filing, Mt. Gox owner Mark KarpelÃ¨s said technical issues had opened the way for fraudulent withdrawals, and he apologized to customers.
"There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble"
Sell everything you have and put them into bitcoins, that's my advice
Bitcoins are a digital ponzi scheme, you shouldnt invest in them.
So it's a scam
You can buy drugs with them on Silkroad
i think its a great idea and might make it,very volatile
of course the greedy government is fighting this because they wont get a cut
when i first learned about it 6 months ago it was at $54
i said i like this idea i think its a good idea
6 weeks later it was at $1100
so did someone(s) make a shit load of "real" money first (I would assume they did)?
It's almost the same as your vCash here, and worth about the same!
Stories come out in the news almost daily about fraud, theft, and other scams that are close to destroying it once and for all.
i'm looking long term..some form of bitcoins is going to be the way to go
no stoping it
So you buy $1000 worth of bitcoins and then I make online purchases of let's say some steaks for grilling....what's the advantage
they should be kept on your own drive in a safe place if you have allot of them.
Its value fluctuates wildly and it is backed by nothing, kinda like the US dollar.
The fbi got to them