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Bitcoin prices plummet on hacked exchange
06-23-2011, 09:12 PM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
The Bitcoin community faced another crisis on Sunday afternoon as the price of the currency on the most popular exchange, Mt.Gox, fell from $17 to pennies in a matter of minutes. Trading was quickly suspended and visitors to the home page were redirected to a statement blaming the crash on a compromised user account. Mt.Gox's Mark Karpeles said that the exchange would be taken offline to give administrators time to roll back the suspect transactions.

http://arstechnica.com/tech-policy/news/...change.ars

Sorta interesting following the bitcoin story.
06-23-2011, 09:39 PM #2
Upāsaka Member
Posts:1,383 Threads:252 Joined:Feb 2011
I started looking into bit coin after Max Keiser mentioned it on his show.

Been a lot of hacking recently being attributed to Lulzec or anon or some other shady group.

In the US gold/silver will be illegal to trade, for the average person from July 15, a few loopholes for the Ponzi banking mafia to trade and control commodities Now bit coin under attack. Seems tptb are trying to close off all loopholes for anyone to get out of the system.

Hey Shadowhug.gif

Since talking about money, I came across this little ad about new Canadian dollar notes. Have these been rolled out?




06-23-2011, 09:48 PM #3
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Hej P hug.gif how's it going?

That note is cool. Rfid I'm sure gaah.gif I haven't seen one yet no.
04-11-2013, 01:48 PM #4
Kreeper Griobhtha
Posts:10,784 Threads:647 Joined:Feb 2011
Bitcoin crashes over 50% just one day after bold public prediction by Mike Adams of Natural News


Quote:(NaturalNews) In what has to be the most accurate currency crash prediction ever made, bitcoin crashed today from $266 to a low of $105 in a rapid "free fall" market crash pattern, erasing $1 billion in currency valuation in a matter of hours. I openly and publicly predicted all this would occur yesterday, in both a Natural News article as well as national radio via the Alex Jones Show broadcast aired on over 120 am stations.

But the real story here isn't that I accurately made this dire prediction less than 24 hours before it took place; the real story is that this crash was almost certainly caused by a covert central bank "stress test" of the pliability of the bitcoin market. That's all explained below. (This is a Natural News exclusive. Nobody else has realized this yet...)

coffeetime.gif


Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor
04-11-2013, 01:50 PM #5
Octo Mother Superior
Posts:43,022 Threads:1,474 Joined:Feb 2011
I see... coffeetime.gif
04-11-2013, 01:50 PM #6
Kreeper Griobhtha
Posts:10,784 Threads:647 Joined:Feb 2011
How the looming bitcoin crash will be exploited by globalists to outlaw decentralized crypto currencies


Quote:(NaturalNews) There's a bigger agenda happening with bitcoin that needs to be publicly stated, and this goes far beyond the issue of the financial harm that will be caused when the bitcoin bubble finally implodes.

Central banks hate bitcoin. They hate it because it doesn't allow them to loot bank accounts (Cyprus) and control the movement of capital around the globe. Bitcoin, in fact, threatens the very foundation of monetary control that underlies all the corrupt governments of the world. As such, bitcoin is a huge threat to the status quo, making it an obvious target for the globalists to attempt to destroy.

Discrediting bitcoin isn't enough, however. To really be effective, they need to make bitcoin illegal.

The plot to criminalize bitcoin
How do you criminalize bitcoin? The same way you get guns banned: Plan an attack, make sure lots of people get hurt, roll out all the victims in front of the cameras, then use the sob stories as moral justification to crack down with oppressive new laws.

coffeetime.gif



Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to poor
04-11-2013, 03:56 PM #7
Octo Mother Superior
Posts:43,022 Threads:1,474 Joined:Feb 2011
The geeks did it... coffeetime.gif

Bitcoin Bubble: How 'Geeks' Sent Prices Parabolic
http://www.cnbc.com/id/100613312

yup.gif
04-12-2013, 12:12 AM #8
Octo Mother Superior
Posts:43,022 Threads:1,474 Joined:Feb 2011
Bitcoin Trading Halted at Largest Trading Exchange

After a substantial drop in bitcoin on Wednesday, the biggest exchange for the online currency halted trading on Thursday.

Dismissed by some as a Ponzi scheme and hailed by others as the future of money, the coin plunged in price to $130 from a record high of $260 on Wednesday.

Despite the drop, bitcoin is still up more than 800 percent year-to-date.

http://www.cnbc.com/id/100610863

popcorn2.gif
04-12-2013, 12:51 AM #9
Capt kwirk Member
Posts:435 Threads:50 Joined:Apr 2013
from the link posted
Quote:But Bitcoin users have few alternatives if they wish to convert their Bitcoins into more stable commodities. A recently-launched competitor, called TradeHill, has capitalized on Mt.Gox's troubles by encouraging members of the Bitcoin community to use their exchange instead. But the site is so new that no one knows if its administrators have the resources or technical expertise to avoid the security and reliability problems that have plagued Mt.Gox.
makes me think the imf wants this bitcoin gone

it's a gif

t-dancing.gif

04-12-2013, 12:56 AM #10
Octo Mother Superior
Posts:43,022 Threads:1,474 Joined:Feb 2011
Oh I bet they do.



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