[masraum]

Wow, who pissed in your beer, eh?

It's true though. How much can the "facts" of the article be relied on if they can't get one very big, very basic fact straight.

It's the willingness of folks to let that kind of crap slip through that is helping us to hell in a hand basket.

Your rant sounds like the sort of thing that you'd get from one of those kids that uses text speak for all written and spoken communications if you called them out on sounding like an idiot.

Just because one company has gone bankrupt and another CEO couldn't take it any more, doesn't mean that bitcoin is done. It could be that the bubble has burst, but bitcoin may be around for a long time with a tiny corner of the market just trickling along. It's not like its value has dropped ack to nothing, and retailers are still taking it.

Sadly, the big problem is that it's essentially, all online, which means that anyplace that works with it should have state of the art security and they don't. Financial institutions spend HUGE money on security so hackers can't get into their networks and steal money. Unfortunately, there have already been several huge thefts of bitcoin because the secure infrastructure isn't in place.

Bitcoin is like the wild, Wild West. Since there's virtually no regulation for it and it really took hold in the criminal underworld of the Internet, it's got a way to go before it's a good alternative to any existing ways of doing business.