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Author Topic: 2014-02-25 : Scientific American : What Is Bitcoin and Its Current Crisis?  (Read 500 times)
bitfromit
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February 27, 2014, 04:01:45 PM
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http://www.scientificamerican.com/article/what-is-bitcoin-and-its-current-crisis/

Fail comments. Very embarrassing for a science mag.

Edit: on second read article is mostly ok except things like "6 % is removed from circulation because of a hack".
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February 28, 2014, 06:23:24 AM
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http://www.scientificamerican.com/article/what-is-bitcoin-and-its-current-crisis/

Fail comments. Very embarrassing for a science mag.

Edit: on second read article is mostly ok except things like "6 % is removed from circulation because of a hack".

Knew that might catch on lol

And looks fine to me actually the situation is a bit buried in there but it was pointed out

There seems to be some uncertainty regarding what happened to Mt. Gox. Why would it be difficult for Mt. Gox to determine whether there had been a theft within its exchange?
Only Mt. Gox can answer that question. Mt. Gox's software was closed source, unavailable to the public for independent review and testing.
 
And
How accurate are reports that Mt. Gox lost more than 744,000 bitcoins, about 6 percent of the total 12.4 million worldwide?
The state and amount of Mt. Gox funds are completely unknown. We just have one leaked document [labeled “Crisis Strategy Draft”] on top of months of Mt. Gox behavior that worried many consumers.
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