[2014-03-02] Robust Bitcoin survives first real test: 'Mt Goxalypse'

[eldentyrell]

http://www.independent.ie/business/technology/robust-bitcoin-survives-first-real-test-mt-goxalypse-30053292.html

Summary: ghost of Keynes cries out "die, die, why won't you die?!?!"


Also, it was refreshing to see something like this:

Promoters of the crypto-currency are often doers and creators. They are people like Marc Andreessen or senior web industry business executives: engineers and entrepreneurs who are currently creating a lot more wealth than other industrial sectors. This indicates that when they believe passionately in something, they build things to support it.

Instead of the sneering "clever people who lack the interpersonal skills to make it in business" line that led to the immediate demise of my Guardian subscription.

[fryarminer]

I like it! Well written and positive.

[odolvlobo]

The death of Mt. Gox was certainly not the first real test of the robustness of Bitcoin. The first and by far the biggest test was the crash in June 2011.

[odolvlobo]

Other tests include the Bitcoinica hack in May 2012, the collapse of Pirate's ponzi scheme in August 2012, the shutdown of GLBSE in October 2012, the hard fork in March 2013, the takedown of Silk Road in October 2013, and the restrictions in China in December 2013.

The fact that many (if not most) people know nothing about these events is evidence of how resilient Bitcoin is.

[PatMan]

A refreshing change indeed, good article.

[freedomno1]

http://www.independent.ie/business/technology/robust-bitcoin-survives-first-real-test-mt-goxalypse-30053292.html

Summary: ghost of Keynes cries out "die, die, why won't you die?!?!"


Also, it was refreshing to see something like this:

Promoters of the crypto-currency are often doers and creators. They are people like Marc Andreessen or senior web industry business executives: engineers and entrepreneurs who are currently creating a lot more wealth than other industrial sectors. This indicates that when they believe passionately in something, they build things to support it.

Instead of the sneering "clever people who lack the interpersonal skills to make it in business" line that led to the immediate demise of my Guardian subscription.

I read your summary first then went to the article XD
Loves V for Vendetta
Nice one and correct were a bunch of hard-asses who see the innovation and the value it has

[eldentyrell]

Summary: ghost of Keynes cries out "die, die, why won't you die?!?!"

I read your summary first then went to the article XD
Loves V for Vendetta

Yeah, definitely one of my all-time favorite movie scenes.

[nopedope89]

The death of Mt. Gox was certainly not the first real test of the robustness of Bitcoin. The first and by far the biggest test was the crash in June 2011.

What was the first 'test'? how did it look like?  I was thinking there was any problems before as it has just began to grow to be popular

[Zickafa]

It's a really good article! Positive and well written, as I like

[howardb]

What's more interesting is watching the BTC flows since the MT.Gox induced crash, it's been primarily towards China!! So they are very far from out of the game yet, even if their banks can't touch it.

[p2pbucks]

Creedy: Die! Die! Why won't you die?... Why won't you die?
V: Beneath this mask there is more than flesh. Beneath this mask there is an idea, Mr. Creedy, and ideas are unbreakable!