I agree it is a sham. Bitcoin is not currency it is a speculative bubble.

I think the last growth bitcoin has seen has come primarily from China. This is very different growth than the previous speculation bubbles we've seen. This is much more solid so to be honest I don't see BTC coming down to 195 or below anymore.

But I can always be wrong hehe

Lol, I'd gone through it near the end of last year so it could just be the speed they're printing the stuff It's hard to pin down a figure on that even with a reliable source as there's different interpretations of money supply, I'm guessing the 90 trillion is the figure for money distributed/issued BY the banks but the figure for money issued TO the banks would be 1/10th of that (over simplified).

The attacker was able to empty the balance on accounts with the API key enabled. The issue is being actively looked upon. API access has been disabled.

Everyone who has lost money will be fully reimbursed.

That's still peanuts, a long way to go before it becomes major.

Saw this on reddit first, reading paper, thought I should share:

http://arxiv.org/abs/1311.0243

http://www.reddit.com/r/Bitcoin/comments/1puk1a/arxiv_paper_majority_is_not_enough_bitcoin_mining/

You know that in China you can:

- buy SIM cards with no ID
- pay cash for anything (even for properties)
- drink alcohol in the street (and buy it from nearly any small store)

it's not really the place that at lot of westerners imagine it is at all (and I should know - I've lived here for 7 years).

Because the mum & dads dont want the hassle of securing their own btc.