Bitcoins, Stage 2: “Bring in the Feds!”

See on Scoop.itTechnology and Internet

When you think “Mt. Gox,” think “Enron.” When something this devastating happens to the biggest exchange in an experiment designed by anonymous Japanese programmers, the industry is not going to recover rapidly. Other firms in this industry now have a real marketing problem. The disappearance of the Mt. Gox Bitcoins exchange is a major setback …

Dave Cottrell‘s insight:

Remember Stormpay and the paid autosurfs?  Here we go again.  Greed is an amazing thing.  Cold blooded criminal entrepeneurs have always thrived on the folly of greed.  This appears to be yet another example of people getting sucked in to a massive, wealth-sucking fraud.

See on teapartyeconomist.com

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