2014-02-11 Bloomberg - The glitch that will kill bitcoin

[kiko]

http://www.bloomberg.com/news/2014-02-11/the-glitch-that-will-kill-bitcoin.html

Currently visible on the front page of bloomberg.com

[FeedbackLoop]

Wow! The GOX FUD went far on this one... thanks Mark Karpeles...

[hilariousandco]

The dramatic headline doesn't really match the article.

[Denton]

Big lol @ the headline. 

[MoneyGod]

Big lol @ the headline. 

trying to bring more down and want to have some big stock of this bitcoin for another bump 

[kneim]

The dramatic headline doesn't really match the article.

It will not fail, because I buy all bitcoins of the world for my last Dollar. Ok, two Dollars.

[btcash]

Wow, they are really stretching to try and make a big deal out of malleability...

I consider the 3 largest exchanges disabling withdrawals a big deal.

Title should be "The Glitch That Will Help Kill Bitcoin".

[harrymmmm]

hmm. Otoh the 10 largest stock exchanges do that every night.

[bryant.coleman]

Wow, they are really stretching to try and make a big deal out of malleability...

I consider the 3 largest exchanges disabling withdrawals a big deal.

Title should be "The Glitch That Will Help Kill Bitcoin".

Withdrawals are still allowed in BTC-E. And volume-wise, it is the biggest exchange.

[oakpacific]

Also bit time buyers don't buy on exchanges.

And they don't usually make many withdrawals repetitively in a short time.

[Ripdon007]

http://www.bloomberg.com/news/2014-02-11/the-glitch-that-will-kill-bitcoin.html

Currently visible on the front page of bloomberg.com

bloomberg is too dramatic ..

[giszmo]

Title should be "The Glitch That Will Help Kill Bitcoin".

Is this a suggestion to Bloomberg? If so, they changed their title.

The URL still reads http://www.bloomberg.com/news/2014-02-11/the-glitch-that-will-kill-bitcoin.html so I assume the title at least was like the title of this thread here.

[minime]

i like it,. i think this is the most important sentence... the first one.... "As the world's first, and most popular, cryptocurrency, Bitcoin has by now suffered every possible setback a payment project could encounter."
if every possible seback is now "done" there will or should be no more bad news in future... at least thats what implied in this sentence...

[teukon]

Both MtGox and Andresen pointed out that bugs were inevitable in a young, experimental product. Bitcoin, however, is already more than that -- the system's market cap reached $14.4 billion at its December 2013 peak.

I'm going to have to side with Mark and Gavin on this one: Bitcoin is indeed young and experimental.  No part of the definitions of young or experimental preclude huge hype and billions of US dollars.

For outsiders, however, it looks increasingly as though Bitcoin should be viewed as an experiment...

Very good!  You're learning.  Let's review today's lesson; repeat after me:  Bitcoin is an experiment.

[BeataTX91]

"the people who invested in it during a speculative bubble are reluctant to accept losses and still able to prop up the market with their trades."

Well let's hope those people ARE able to prop up the market.

[patricktim]

MtGox will resume transactions soon.