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.
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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