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Title: $100 Million in Stolen Bitcoins — “Sorry About That”
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URL Source: http://teapartyeconomist.com/2013/1 ... million-stolen-bitcoins-sorry/
Published: Dec 5, 2013
Author: Gary North
Post Date: 2013-12-05 09:51:59 by christine
Keywords: None
Views: 101
Comments: 4
A thief has stolen $100 million in Bitcoins. The exchange that allowed this has gone bust. There is no FDIC insurance. There is no way to find the thief. They may catch him when he tries to unload them. But that does not get them back to their owners. Who’s in charge here? Algorithms and formulas. It’s all secret, you see. It’s all anonymous. There are no contracts. There are no courts. Investors who are not the victims shrug their shoulders. A $100 million here, a $100 million there. It’s all a cost of doing business. Someone else’s cost. “No problem.” “Easy come, easy go.” “Here today. Gone tomorrow.” “Picky, picky, picky.” “Look, this is a mania,” said one anonymous investor. “Manias are not affected by bad news until the day they collapse. I’m in this for the short haul.” (I made this up, but it’s true.) Read more at http://teapartyeconomist.com/2013/12/05/100-million-stolen-bitcoins-sorry/#r1CeGa0bR0K7e9SV.99
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#1. To: christine (#0)
The exchange that allowed this has gone bust. There is no FDIC insurance. First world problem. Sorry, I've got no sympathy for people who participate in that shaky scheme (the whole bitcoin phenomenon). Sniff around, the stench of moldy bagels will most likely give away the identity of the thief(s). A thief has stolen $100 million in Bitcoins.
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-Alex Kurtagic
#2. To: christine (#0)
There will always be thieves. No matter, I don't trust substance free currency, or virtual money.
"The amount of our National Debt is the measure of our enslavement to Jewish World Finance. We live in a democracy, yet loans are contracted that always cost more than the amount of the loan, and no one has a word to say about it. We Americans do not know how much interest we pay every year, and we don't know to whom we pay it."
The Dearborn Independent / Henry Ford
#3. To: christine (#0)
"PIKERS" the FED has ripped of 100 TRILLION ! $100 Million in Stolen Bitcoins — “Sorry About That”
"The amount of our National Debt is the measure of our enslavement to Jewish World Finance. We live in a democracy, yet loans are contracted that always cost more than the amount of the loan, and no one has a word to say about it. We Americans do not know how much interest we pay every year, and we don't know to whom we pay it."
The Dearborn Independent / Henry Ford
#4. To: christine (#0)
Bitcoin is probably perfectly safe as long as you're not trying to hire a hit man or buy/sell hard drugs. And this particular case may have been a sting.
Republicans prefer white genocide to paying taxes or paying more for strawberries.
Democrats prefer white genocide to seeing anyone get ahead.
As the party of principle, Libertarians support white genocide because they oppose zoning.
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