Troubles in Paradise for Bitcoin

A few weeks ago I wrote an article on Bitcoin here. The major advantage of Bitcoin was that it is ‘unregulated’. However, that has caused people to enter the Bitcoin exchange business who aren’t particularly tech-saavy, but rather money hungry. A huge security breach at one of the major Bitcoin exchanges has been reported and now withdrawals have been suspended. Yikes… it is becoming clearer that Bitcoin is more of a speculative investment rather than a true form of money.

See the update on the security breach: here.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s