Comment Re:Mt.Gox has a long history of problems, Bitcoin (Score 1) 695
Except the continued viability and value of bitcoin is based entirely on user trust, because there is nothing of inherent value behind it (which could be a somewhat uncommon lump of metal, a considered to be valuable rock, or the promise and legal protection of a powerful group of people who run a country).
And this entire Mt. Gox kerfluffle has seriously eroded the general public's trust of bitcoin, even as it was just starting to catch on.
This may not kill the currency, but it's not going to do it any favors either.
And this entire Mt. Gox kerfluffle has seriously eroded the general public's trust of bitcoin, even as it was just starting to catch on.
This may not kill the currency, but it's not going to do it any favors either.