A BitCoin Heist and the Upside of Government Regulation
Rebecca Greenfield
2012-09-05
http://www.theatlanticwire.com/technology/2012/09/bitcoin-heist-and-upside-government-regulation/56517/Last night's Bitcoin heist of $250,000 (or so) worth of the virtual currency shows that this world isn't quite ready for an online alternative to dollar bills because the promises of deregulation aren't worth the safety hazards.
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This situation, like Bitcoin hacks before it, also illuminates the apparent safety issues which have also kept Bitcoin from mainstream success.
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The people who once eschewed the law have now found it as their only avenue to get their money back. (How incredibly ironic.)
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Though, there is one seemingly positive aspect of this robbery for Bitcoin: The currency is valuable enough to be worth stealing.
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