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rockhound
03-06-2014, 10:07
It appears bitcoin’s recent turmoil has claimed its first life.
Autumn Ratke a 28-year-old American CEO of bitcoin exchange firm First Meta (https://firstmetaexchange.com/home) was found dead in her Singapore apartment on Feb. 28.
Local media are calling it a suicide, but Singapore officials are waiting for toxicology test results. Ratke formerly worked with Apple and other Silicon Valley tech firms on developing digital payment systems.

http://tiny.iavian.net/20qs (http://tiny.iavian.net/20qs)

WTH is it just me? or is this whole bitcoin craze crashing all at once?
Great-Kazoo
03-06-2014, 10:24
It's not you. Someone, somewhere, made off with a shit load of other peoples money.
Gman
03-06-2014, 10:30
Repost: https://www.ar-15.co/threads/125775-BitCoin-crashed?p=1548259&viewfull=1#post1548259
kidicarus13
03-06-2014, 10:49
It's not you. Someone, somewhere, made off with a shit load of other peoples money.

And there's still people saying, "Now's the time to buy in."
Irving
03-06-2014, 10:50
Now is totally the time to buy in...if you think anything will stabilize.
rockhound
03-06-2014, 11:05
search function does no good when the original post is hidden in another thread.

the whole bitcoin scam seems to have unraveled rather quickly,

wasn't Glenn Beck just praising the fact that they were working outside the federal banking systems?
Irving
03-06-2014, 13:12
The issue is security of funds. The fact that people are stealing bitcoins suppprts that they actually have value. So I would argue that perhaps bitcoins are not quite unraveling. The system certainly is having problems though. Governments HATE cryptocurrency, and I'm honestly surprised that we haven't seen some conspiracy thereoy where people think the government is purposely violating the security of funds to cause doubt and fear in the public so interest declines.
buffalobo
03-06-2014, 13:26
The issue is security of funds. The fact that people are stealing bitcoins suppprts that they actually have value. So I would argue that perhaps bitcoins are not quite unraveling. The system certainly is having problems though. Governments HATE cryptocurrency, and I'm honestly surprised that we haven't seen some conspiracy thereoy where people think the government is purposely violating the security of funds to cause doubt and fear in the public so interest declines.

Grab your foil and let me tell you a story. ;)

Lobbed from my electronic ball and chain
Aloha_Shooter
03-06-2014, 13:36
The amounts that have been stolen so far are fractional compared to the overall monetary supply BUT huge compared to any single forgery case (the nearest comparable analog I can think of) I can think of. Monday, Dave Ramsey correctly said the issue for any currency is one of trust. The governments and entities that don't like cryptocurrencies will try to undermine that trust. The speculators will try to ramp it up. At this point, I have a smidgen more trust in Bitcoins than in that PowerBall ticket the corner store would like me to buy; personally, I think I'll put my money in ammo.
Irving
03-06-2014, 13:57
It is definitely in the interest of every government to demonize cryptocurrenies. You can see it in that every article that mentions Bitcoins also mentions the Silk Road.
hatidua
03-06-2014, 15:12
At this point, I have a smidgen more trust in Bitcoins than in that PowerBall ticket the corner store would like me to buy; personally, I think I'll put my money in ammo.

-probably the safest bet of all.
GilpinGuy
03-07-2014, 06:17
Grab your foil and let me tell you a story. ;)



Here's a good tin-foil hat story for ya. Too long to quote:

The Face Behind Bitcoin
(http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html)