Attacks on gox and SR non-reversible

[Kaiji]

It's sad that those who hacked exchanges with the hope of reducing the bitcoin price have no plan or method to raise the price sufficiently enough to profit from it. All they have done is cause damage to bitcoins in general. Its easier to damage something than it is to build it back up.

[KSV]

It's sad that those who hacked exchanges with the hope of reducing the bitcoin price have no plan or method to raise the price sufficiently enough to profit from it. All they have done is cause damage to bitcoins in general. Its easier to damage something than it is to build it back up.

well to be fairly honest, all this noise hardly matters in the cosmic order of things

[zoinky]

It's sad that those who hacked exchanges with the hope of reducing the bitcoin price have no plan or method to raise the price sufficiently enough to profit from it. All they have done is cause damage to bitcoins in general. Its easier to damage something than it is to build it back up.

I beg to differ, I think they are squeezing all the small timers out.

[Ploo]

It's sad that those who hacked exchanges with the hope of reducing the bitcoin price have no plan or method to raise the price sufficiently enough to profit from it. All they have done is cause damage to bitcoins in general. Its easier to damage something than it is to build it back up.

How do you know they're not making short sales?

[Ultraviolet]

Public interest in Bitcoin falling off after the bubble is what has actually hurt the price. Whales can't keep it up via manipulation forever, nor is it profitable to their manipulation to do so. Eventually they run out of inventory and need the price to tank to rebuy. Welcome to a market driven almost entirely by speculation. 

[chufchuf]

Rubbish. we don't go about calling people that save dollars speculators. though to be fair, now that i think of it, we do call them morons

[lucas.sev]

Public interest in Bitcoin falling off after the bubble is what has actually hurt the price. Whales can't keep it up via manipulation forever, nor is it profitable to their manipulation to do so. Eventually they run out of inventory and need the price to tank to rebuy. Welcome to a market driven almost entirely by speculation. 

This is so 2011, we have a thriving economy, look at bitpay!!111