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Bitcoin

Friday's Big Swings, Mostly Down, Illustrate Bitcoin Value Volatility 476

An anonymous reader writes "As cool as Bitcoin is, it looks like it lost 1/3 of its value in the last 24 hours. Lots of big sells, complaints of liquidity, and pissed off nerds." The linked article goes on to explain that the value rose again, so the aggregate loss was considerably less. The author also helps defuse claims that Bitcoin is untraceable or otherwise especially well suited to nefarious activities.

Comment Re:Circlejerk (Score 1) 501

The US has been supporting (grudgingly accepting?) Gadhafi for a few years now, ever since he turned in his nuclear program in 2004 (several days after we pulled Sadaam out of a ditch. Probably not a coincidence, but I digress). Until the past month, really. We even shot down down a few of his MIGs in the 1980's on two separate occasions.

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