[2014-03-03] Fox News: Bitcoin debacle shatters myth of virtual money

[kjlimo]

http://www.foxnews.com/opinion/2014/03/03/bitcoin-debacle-shatters-myth-virtual-money/

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...

[BitcoinBobbeh]

TBH it's probably more of a typo than a mathematical error.

The numbers work out to almost exacty 470 million.

[seriouscoin]

Its "Opinion" ... more like a blog of some writer.

Foxnews are the shittiest as always.

[2_Thumbs_Up]

Apparently Mt.gox had 940 million bitcoins to lose?

Fractional reserves, obviously. 

[freedomno1]

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)

[p2pbucks]

even FOx CEO dont belive fox sh1t