It was down 6% earlier, but now it’s down a tad under 4%. The Winklevoss twins and the rest of the silicon valley, baby blood sucking elite, prefer to have a stateless digital currency, as opposed to the jingoistic racist shit the U.S. Treasury circulates. As such, the Bitcoin will be provided succor, for as long as the new Ceasars of the economy deems it necessary.
“Yes – it is a large breach,” Fred Ehrsam, co-founder of Coinbase, a cryptocurrency wallet and trading platform, wrote in an e-mail. “Bitfinex is a large exchange, so it is a significant short term event, although Bitcoin has shown its resiliency to these sorts of events in the past.”
Bitfinex confirmed in a message to Bloomberg News on Wednesday that the hackers took 119,756 bitcoin, or about $65 million at current prices. More than $1.5 billion has been wiped out from bitcoin’s market capitalization this week, according to research from CoinDesk.
“We will look at various options to address customer losses later in the investigation,” Bitfinex wrote in a blog post. “We ask for the community’s patience as we unravel the causes and consequences of this breach.”
You fucking morons keep buying this shit, in the hopes of a material explosion at the Treasury, or something that will deter people from trusting the U.S. greenback. While I might not trust the people who print the money, I certainly prefer to have my money backed by aircraft carriers and Navy Seals, rather than some seedy fucked face tech guy who can’t keep his hob-nosed website secure when holding millions of dollars worth of bitcoins for a bedraggled public.
If you enjoy the content at iBankCoin, please follow us on Twitter
Here’s the tell to see if bitcoin is currency or not. If people are reimbursed back in bitcoin, that helps its case. If they aren’t then it’s a trading vehicle and not a currency.
The money is gone. Pretty good conjob.
People will stop trusting the US Dollar, when America is no more, or when Mrs. Bill Clinton becomes president, whichever comes first.
Such a gentleman calling that dame de la nuit a “Mrs.”!
Senor Fly,
I agree with your aseesment of Bitcoin, but I admit, Raoul Pal has an interesting case for Bitcoin that is worth checking out.
This was a hack on an exchange not on Bitcoin. Bitcoin will survive. Bitfinex will not.
Bitfinex was lax on their security. They paid the price.
Bitcoin as a crypto currency has proven itself. It’s the sewer rat of currencies. In other words it’s been declared dead by MSM a dozen times, is completely misunderstood and it’s still here.
Today Bitcoin is still nerd money. And that’s how the Internet started. For nerds. Now you are all posting and reading forums on the Internet.
Do you wish you bought a couple shares of AAPL in the 90’s? Who knows what happens with Bitcoin but it’s worth a couple bucks just to enjoy the ride IMHO.
Proven itself? Lol. Bitcoins have only been around for blip of time amounting to a grain of sand on the beach. It hasn’t seen world wars, birth of nations, end of empires, death of civilizations. What is the value of this presumed currency absent electrical grids?