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Topic: [2014-03-03] Fox News: Bitcoin debacle shatters myth of virtual money (Read 1012 times)

hero member
Activity: 642
Merit: 500
Evolution is the only way to survive
even FOx CEO dont belive fox sh1t Grin
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
My digitial soul was shaken today apparently we are worth more than 470 billion dollars!!!

.
Bitcoin is a lot less private and more expensive to use than advertised. (Like WE advertise)
sr. member
Activity: 323
Merit: 251
Apparently Mt.gox had 940 million bitcoins to lose?
Fractional reserves, obviously.  Grin
hero member
Activity: 658
Merit: 500
Its "Opinion" ... more like a blog of some writer.

Foxnews are the shittiest as always.
sr. member
Activity: 266
Merit: 250
TBH it's probably more of a typo than a mathematical error.

The numbers work out to almost exacty 470 million.

legendary
Activity: 2086
Merit: 1031
http://www.foxnews.com/opinion/2014/03/03/bitcoin-debacle-shatters-myth-virtual-money/

Quote
Bitcoin believers were shaken to their digital souls when Mt. Gox, the world’s largest exchange, defaulted on $470 billion worth of deposits and closed last week.

Apparently Mt.gox had 940 million bitcoins to lose?

Either that, or I missed the press release that bitcoins are now worth over half a mil each.

Gotta love Fox News!

So many things wrong with the title of this article... first myth?

second, shatters?  define that...

everything else other than Mt.gox still operating just fine...  If anything this proves the value of virtual money...
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