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Topic: 2015-02-10 NYtimes - Hong Kong central bank virtual currency investment warning (Read 1214 times)

legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
MyCoin Customers Report $8.1 Million in Losses to Hong Kong Police

http://www.coindesk.com/mycoin-hong-kong-police-8-1-million/
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
we need no Bitcoin warning, we need a Scam-Company warning  Roll Eyes


"please stay away from the dollar, you could lose money" (-> Lehman Brothers etc)
legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
Standard hatchet piece - Wall Street grasps another straw.

They included MyCoin, Gox, the price slump, money laundering, extremist groups - the usual.

Edit: forgot to cite this quote, which might demonstrate their level of understanding or perhaps their target audience:

“Bitcoins are created through a “mining” process in which a computer’s resources are used to perform millions of calculations.”


full member
Activity: 185
Merit: 100
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