Department Of Homeland Security Goes After Bitcoin

[nyuka]

I thought the news would be "Department Of Homeland Security finds warehouse full of pressure cookers", which actually was Walmart's warehouse with pressure cookers waiting for distribution to Walmarts across United States (to be sold for cooking). But that's cute - they go after people who just want to buy little bitcoins (compared to all the currencies in the world). Will they go after Lindens dollars (Second Life) next?

[Fluttershy]

They didn't go after bitcoins, they went after MtGOX for falsifying information on their bank accounts. There's a huge difference. Once bitcoins took off big time it was inevitable that GOX would be shut down as their business practices were always full of oddities.

This is some very good news for any of GOX's competitors that actually have the proper legal status.

[CanadianGuy]

Gox was half of bitcoins problem
what a relief

[Number6]

Gox was half of bitcoins problem
what a relief

100% agree. A coin's value shouldn't depend on whether one particular exchange is up and running properly at any given time. It has gotten better the last few outages, but with a few more reputable exchanges trading, this becomes a non-issue.