Saturday, March 01, 2014

The Bitcoin Scam

Bitcoin was always a bad investment. I joked on $TWTR that the Sacramento Kings were accepting the fake money for tickets.  When you think about it, maybe Obamacare should accept it for health coverage.

Anyway, all kidding aside, this is bad for those who lost money chasing the dumb things.  Unregulated.  Not backed.  No thanks.
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Mt Gox: The brief reign of bitcoin's top exchange

By Brett Wolf and Emily Flitter

Reuters - Reuters - Sat Mar 1 16:00:00 UTC 2014

The collapse of Mt. Gox might appear sudden, but bitcoin insiders say its downfall began nearly a ye...

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