There were such kind of news always but, as I remember or know (don't pretend to fully informed), never so serious that this time. Never were written such big probable problems of bitcoin (as a product) and even such kind of divergences within the team of core developers of it. It was well know their divergence about the block size but this is only a problem. From the writing of Mike Hearn emerge a situation big of problems and deep divergences (which made him to leave the development of bitcoin after 5 years work on its team) which for sure can be reflected even at the actual situation and the future of bitcoin. The first sign is already happen. The drop of price of it in such amount within very few days is a direct result of this situation. Even for the moment the drop seems stopped everything told by Mike Hearn may cause even a more late consequence. It is not me who has talked or write but a 5 year developer of it. Let's hope that bitcoin will have the power to survive even this last attack.

There is a very bad situation for bitcoin since I remember to know it and maybe since its born. From to many directions are coming news which predict the end of it. Beginning with the admission of the problems of Cryptsy and the writing - full of bad news and problems existing within the team of core developers - made by Mike Hearn. Then the strong drop of value of bitcoin within few days (after a fantastic period of stability). I remember the time after MtGox. Was the same situation but the bad news was only one. The bankrupt of MtGox and the bitcoin suffered only this. Today are more. And no one know if will stop here this storm. Will survive bitcoin? I think yes. But only the time will verified this. If yes I will be again back to this post and thread to remember this very bad moment for everyone who like bitcoin and has followed and believed on it.

If we will use your kind of reasoning I must tell that since I have not heard about the steal of every bank that doesn't mean that is not stolen every of those. So if we don't have news about the steal of every then bank every bank may have been stolen. Or even if we haven't hear nothing about the steal of every home that doesn't mean that is not stolen every home. I can go further of such kind of examples but the above may give the full idea of what can happen if everyone use your way of reasoning. I'm sorry but I don't use such kind of use of my mind and my reasoning is totally different from yours.

Then as for the amount stolen from the banks I'm again sorry, but even without having your accurate data (seems that you are very informed about the amount stolen on all the banks around the world since the beginning of their existence as specifies the word "everything") I am sure that is much, much more higher than all the value of all the amount of all the cryptos in circulation until this moment and not only much, much bigger that the value of the stolen cryptos since 2009. This is an conviction created using the kind of reasoning made from you in the case of the possibility of hacked exchanges based on the hear or not hear about their hackering.

Good. My wrong perception. Write without consulting internet and the various data. Made that post because of to many threads about him and Cryptsy. This make to do a connection between both this kind of threads in which was spoken about the dead of bitcoin or the problems of it has caused even the problems of Cryptsy. I have deleted my post. Thanks for correction. Make me seems like those who write without thinking before (like it is really this post). Hope to not do such kinds other time. But when are angry with such kind of posts happen to write for inertia and without thinking to much.

Edit: Here where is another one: https://bitcointalk.org/index.php?topic=1329222.msg13563914#msg13563914

Edit 1: And this one make me seems stupid: https://bitcointalk.org/index.php?topic=1328841.msg13559721#msg13559721 See the title of this thread.

Beh, I can assure you even that it will be not the last. All this storm after the story of Cryptsy and the following decrease of price of it in confront of us dollar. How many such stories have seen this monument since it born. In such few time of life so many earthquakes and foreseen which have seen it to many times dead. I remember the situation which reigned at one community of one forum (only for bitcoin at that time) after the story of MtGox and the down of price of bitcoin from about 1200 us dollar in about 120 dollar (but even less). Totally silence. No one discussion. Only one post from a girl: that was all? It is the end? In this way? But then was its return. Not so high but more stable. It will be same even this time. Bitcoin is to important to be dead.

Another interesting news. Finally we have the definitive fact that all the criminals of the world don't use bitcoin but use Western Union to make them criminal actions. The above news and the above post testify indisputably that bitcoin finally must be called totally clean and no one can tell (after the above facts) that is used in Dark Web or in everything who has to do with the criminals. Must stop to be besmirched from all the journalist who "find" facts about use of it for illegal things or everyone else who create fake facts about being dirty of it. Now everyone of us have an deadly fact about its being clean: the above news and the above post. So shoot up to everyone and glorious to the clean bitcoin. 

There are to many other exchanges (more big, more important or less big and less important than Cryptsy) that are not hacked never. Why such importance to this exchange. Much more banks have been object of thieves and never is put in discussion their existence. Why be put in discussion the security of crypto exchanges as a Institution where is changed and traded another kind of currency but yet is money? Why must be different this case by the case of the stolen banks? Have seen various threads today which treat this matter and absolutely all treat this case with fatalism. One for bitcoin, another one for the exchanges another third for all the cryptos and so on. Why this point of view?

Investing as the concept have nothing to do with the people who give money to the banks. The banks normally serve for savings (for whom who want to have more money/bitcoin using the amount have) and for investors who made the opposite of the savers (take money from the bank to create a business).

Naturally the money can be taken from the bank from everyone and not only for doing business but if is talked for investing the bank serve for giving money and for having money.

As for investments online these have nothing to do with the banks. I haven't heard any kind of bitcoin online bank who take bitcoin to everyone promising interest for them and give them to the others in order to have bigger interest from the lasts (which one must be so big that can do the bank to earn itself and pay the interests to the firsts).

I have heard and I am user (and earner of good profits) of sites which take your bitcoins, work with those and make profit for those and for the person who give money.

As for being secure no one can be never sure about investing online (every kind of investing). So who invest must know that exist the risk that one day the website may disappear and with it even the money/bitcoin invested on it. So invested doing all the possible analysis and deciding case by case. Anyhow there are factors which give much security (always having in mind that are online opportunities). I have three of those from which I am earning very good profits since three months. Who is interested to give a look pm me.

First I used preev.com to follow in every minute I wanted live the price of bitcoin. Then there are not more than one week that I discovered btc.com which is much more fantastic than preev.com. They offer an extension for Chrome which is installed at the browser and with click give in real time the prices of bitcoin in 6 sites (Huobi, OKCoin, Coinbase, BTC-E, Bitstamp, Bitfinex) and even the change of price in every of those in real time. Then I use even three other sites in which I invest or have invested in bitcoin but cannot list those there because I am interested to have referrals and if give here the site no referrals . Who is interested to give a look to these pm me.

All this story seems me like a serial fiction which produce one series every time that someone lose something or lose everything. After him is the end for everything because him was the key of existence of everything. This time this everything is bitcoin. Personal problems or personal failures for sure are fault of bitcoin and this will cause its dead. Remaining to wait for the next series and the "big" of the turn. Who knows which kind of pearls will invent his chaotic mind after its failure. Poor bitcoin how other time will die because of this losers or unable people to understand that bitcoin has nothing to do with them except the fact that were there who goes to him and used him.

I think that today is a bad day for you (and for this I am really sorry) but what have to do bitcoin itself with the problems of Cryptsy, its developers and to whom of us who have losses because of the wrong "play" with it I cannot understand. I am following every moment the movements of the price and seems that bitcoin is suffering (maybe the situation happen at Cryptsy. The exchanges are preferred target of thieves/hackers and there are nothing new here. But what have to do this action especially with the crypto I again cannot understand. We hear attacks or steal of money from the banks almost every day and no one tell that the fault for this have to do with the money they have.

I really understand the situation in which is OP and repeat that I feel deep sorry about his situation (spiritual and mental) but I am sure that if he will return to this matter after a few time (or even not few) will understand that the crypto (like every kind of currency) is only a tool which have no mind to act itself. It is a tool which only is used by everyone and have any kind of responsibility about the misuse or not good use of it.

To tell the right I have invested on 2-3 crypto but I will not trade with those. Hope in their higher value in time. That's all. Then have other sources which give me money everyday in which I have invested money and bitcoin. If OP prefer I can present those to him. Maybe can satisfy its desire to find other sources of earnings.

My first words that came to my mind after the read of the main post was: Why not? Tell me at least one reason to not continue to believe on it? the last year was the most excellent one for bitcoin. stability of price like never. Since the end of the year trend of increase of its value: with few oscillations but the overall result was the increase. A strong decrease the last two-three days but that cannot be treated as such before the passe of two-three weeks around this value. Increased spread and transactions (mean more activity with it). These lasts are more than doubled at 2015 compared to one year ago. Regulation more than ever and in more than one country. So, I can't find even one reason to not believe on it. Although even can be not one but even more than one based reasons to not believe on it I will continue to believe. Because I don't believe simply in bitcoin but firstly in the technology which made possible its invention.

I was reading again the comments made on this thread about my main posts here and found something interesting in the above comment (the part in bold) and wanted to put here as a comment a mine comment - made after the above comment - created as a my search of data and exact definitions regarding the above. I am putting it here all (as it was and as a comment to the new Satoshi Nakamoto from Australia - is missing only the one from Pakistan and my country) because there is no need to do corrections. It is another mine different point of view comparing to important people of Institutions (always taking as true that the comments of the posters who name their thoughts, words or decisions about this matter are as they write. Again it would be pleasure for me to read any kind of comment even about this interpretation as well as the one written in the main post. Exist a specific in the above post made by CoinBateman. it is spoken about "digital commodity" and I haven't found any definition in internet about this concept. Everything below has to do simply with the commodity as it is know this existence until today and for which exist even definitions. If everyone have more to tell about the digital one is invited to explain here all he want. I will be curios the know the new definitions of this new concept.

I have to make only question about this fact: It is not this classification in a unknown thing since today an way to regulate bitcoin but to not accept that is a currency for reasons that only CFTC know?

Until that probable comment enjoy to everyone (and again discuss who want):






I am giving below a previous my post which analyze such kind of definition given by Dr. Wright (alias Satoshi Nakamoto). I am curious to learn his opinion about my thoughts and interpretations, but not being me Gavin Andresen with who he had privileged partnership, this my hope can be archived. Who know if I will be ably to sleep tonight after this disillusion. Below is t my previous post (only it is replaced the name of the previous poster with the name of Dr. Wright):

But lets go to the facts. According to Investopedia http://www.investopedia.com/terms/c/commodity.asp :

1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers. When they are traded on an exchange, commodities must also meet specified minimum standards, also known as a basis grade.

2. Any good exchanged during commerce, which includes goods traded on a commodity exchange.

So, according to Dr. Wright, we have a basic good that is interchangeable with other commodities of the same type. It is clear that bitcoin is a commodity because all the things bought with it are of the same type of it. All the computer bought at Dell with bitcoin, all the xBox bought at Microsoft with bitcoin and all the other things bought at internet with bitcoin (porn, movies, gambling etc.) are at the same type with bitcoin. Have its qualities (so with all of those can be bought everything), are an invention of a peer to peer technology and are all within internet (so don't exist out of it). More convincing arguments than the above Dr. Right cannot find.

Then, always according to Dr. Right, commodities are most often used as inputs in the production of other goods or services. Sure, Dr. Right learn to all us that bitcoin is used widely to produce all the above things bought by it. So bitcoin is used as input in the production of computers, xBox, in the producing of porn, movies, gambling etc. Who of us have not tasted a very good porn make and played from bitcoin itself. Another undeniable argumentation made by Dr. Right.

For me are enough those arguments to not go further. Who want to go forward can continue with the other arguments made from this brave, sure and deep cognitive of bitcoin.

Maybe needed to do ever one definition which fulfill the above argumentation of Dr. Right and without which can be created some doubt about everything written above. What is the meaning of good.

According to Wikipedia https://en.hwikipedia.org/wiki/Good_(economics):

In economics, a good is a material that satisfies human wants and provides utility, for example, to a consumer making a purchase. A common distinction is made between 'goods' that are tangible property (also called goods) and services, which are non-physical.

Then always according to Wikipedia https://en.wikipedia.org/wiki/Tangible_property :

Tangible property in law is, literally, anything which can be touched, and includes both real property and personal property (or movable property), and stands in distinction to intangible property.

The big Dr. Right tell in this case only one important thing which is a devastating argument in support of its inspiring theory: bitcoin is a good (commodities) which is a tangible property: so which can be touched (as it is written in the above definitions). Who of us have not touched with his hands the beautiful coin (commodity) named BITCOIN.

Normally yes. Is born without asking permit to those and there are six years (since its born) that act and is grow up without having nothing to do with those. So I don't see any reason why must have need for those. If will be accepted by those it will be better because this will increase it more easily and faster and will put in light its potential. But even without those I think that it will continue its way with more increase, more power, more spread and even more importance in the world of the currencies. Anyhow this can be verified only by the time. The only testimonial of every kind of event.

Good explanation. First is written - kill - without quotes and without metaphoric sense. Then after someone who have doubts or simply want facts about this big revelation don't find nothing and refer this become the "kill" with quotes and its metaphoric sense. Now, reading the above post and the one before it, I want to ask that from the author of two posts before can be understood that there is not even the "kill" with quotes and in the metaphoric sense. In other words there is any kill in any place. Practically there is nothing. My question is: why needed to invent such kind of bombastic threads without any sense and meaning? For more with a main post which don't tell nothing and have not any kind of connection with the title of the thread.  

You are not correct. Bitcoin have to many qualities and is liked (even more) by everyone of us who are in this forum. But must be careful in our enthusiasm about it and its qualities. Telling or alluding things without any kind of basis about it only make laughing their who don't care or fight it. Bitcoin is simply a currency and cannot be compared with a bank. The bank work with currencies so bitcoin is (must be) only subject of the work of an bank and the bank cannot be never dependent from bitcoin. This is a total absurdity. To not use more hard words. The banks exist since hundred and hundred years. While bitcoin has only 6 years. How is possible that the banks worked before the born of bitcoin if are dependent from it. Then if I want to have a credit in which way will communicate with bitcoin to have it? make to it a phone call and ask for some bitcoin and then it make a sent of the amount needed from me to my wallet?

People be reasonable in that what write. To many may laugh with your posts and your connections without any sense.

You must be quoted by the manager of the signature campaign to which you make publicity. Today I understand that it is possible to win for sure in gamble. It is enough to learn to play. Exist a very famous school named "Learn to Play Gambling and will win losing money". In this famous school can be learned in which way must be pushed the button in every kind of gamble who need push, how to jump before the moment in which throw the dices when you play live in dice and first of all to become greedy only at the needed amount of being such. There is a complicated formula which calculate the amount of being greedy for everyone depending form the age, the tall, the weight, the distance from the home of everyone at the casino when play or how time time will play online the interested, the name of interested and how many brother and sister have. Given all those is calculated within seconds how much greedy must be the interested in order that earn losing money. In this way he/she know perfectly the moment in which must stop playing because if continue to gamble after this point will be classified by the gambling as more greedy than needed and punished immediately.

Hurry up people, register to the above school and learn to earn with gamble and haw is your amount to be greedy. In this way you will have earnings during all your life only gambling.

If you earn even 0.00005 bitcoin in gambling one time in a month and after have lose 5 bitcoin before you can call yourself lucky. Only this may happen to the kind of persons like you who want to have the attention of the others being "original" and the "special one" lying and telling such bullshits who no one can believe. Only stupids create such kind of lies. And this make possible their identification immediately by everyone and the making of such "heroes of gambling" subject of jokes and laughs. Poor you for your mind. Poor them who have such kind of being in their house.

According to me if bitcoin will crash immediately (within a night) beginning tomorrow all the altcoins will gain value immediately. Will have exactly the same value had before the crash. But compared to another point of reference altcoin. Almost every exchange has more than one point of reference (except bitcoin) used to change with other (most of those) altcoins listed on eachiof those. That (or those - because can be even more than one) will play the primary role as point of reference for all the remaining altcoins (even for those which are not listed with that altcoin as a point of reference). Then will begin a new era. An era where will be not more any supremacy on the digital coins. Will be a continuous fight between all the projects which have their coin (and only between those will be the fight to have the future supremacy) since the moment when one of those (the best one) will have the biggest impact on the reality. The respective coin will have that time the place of bitcoin in our time.

I am not a specialist of such kind of this things to be able to judge is can be true or not. But if bitcoin could be so fragile must have been disappeared time ago. There are to many theoretical possibilities which can happen in every moment. And every of those has its probability to happen. But even this is far away to be taken in consideration. Because if the probability that something bad happen to an event is 10 percent (mean that can/must be verified/happen 1 time every 10 happen time of the event) may occur that the event can happen even 100 times and the bad don't happen even 1 time. Then can happen 10 bad in a row. Or only 1 or 2 and be other 50 time again with the happen of the normal event.

What is the meaning of this example and its connection with the post of OP. All that listed weaknesses of bitcoin (if true) can/must be rare. If so cannot be made in consideration as a real risk. Otherwise, if it would the opposite, bitcoin already should have been only a memory. If we must have fear from the above then must be much more fear about something much more important than the bitcoin: our life. I can give here 100 reasons which will make someone to think that his life is in big danger in every place he will be. For example: in every moment can happen a big earthquake which can disappear the life on Earth; in every moment can happen a big clash with an asteroid (like has happen in the time of dinosaurs) which again can disappear the life on the Earth; in every moment and in every place can be some insane or drunk dead which can shoot and leave dead everyone. I can continue without end with this cases. All possible to happen in every moment. The same probability or examples seems to me all the points listed by OP. And so must be. But if someone think in this way then its life is ended. He will feel fear even at his WC.