“The Bitcoin market will bounce back with a wave of impressively professional services that are currently in their infancy. It’s horrible that Gox has managed to lose so much of their customers’ money due to their incredibly poor business practices. But for those of us who have watched the market carefully while observing the former Magic Card hub’s various failures, this is not a surprise. For those who are taking the long-view of Bitcoin, this is a large speed bump that will cause a lot of people grief for a long time; but there are bigger and better services on the way that will be able to learn from this crucial example of how not to run a Bitcoin exchange.”
Related posts:
Bill to re-legalize cell phone unlocking passes House, but with caveat
The IRS has become one of America’s leading exports
Why Is The IRS Scared To Give Up The Rest of Lois Lerner’s Emails?
Italian Business Taxpayers Feel 'Persecuted'
Bankrupt Philadelphia plunders homeowners via gas monopoly
72 Types Of Americans Government Considers “Potential Terrorists” [2013]
Why I Joined Shield Mutual
Japan Ramps Up its Monetary Race to the Bottom
New Attorney General opposes encryption, while GOP uses it to avoid leaks
SF's Infrastructure Is Falling Apart Because People Keep Peeing On It
Here Is Why The Fed Can't Hike Rates By Even 0.25%
U.S. Spends $16 Billion Every Year To Care For Elderly Prisoners
Bloomberg on NYC drone program vs. street cameras: ‘What’s the difference?’
The Redcoats Had NOTHING on Today's Local Police
Overstock.com CEO Patrick Byrne Discusses $1 Million Bitcoin Sales