Bitcoin is an interesting experiment. But I think we all have a responsibility that Bitcoin and other digital initiatives will grow. At moment there are not only technical problems but there are also political problems - recently there was one interesting article in Reuters with senators seek crackdown on Bitcoin....
Dear Buzz Gang and Crew,
The collapse of "BitCoin" points to another situation which proves that without collective agreements and or some form of support structure from IMF or governments that a new form of currency cannot survive. BitCoin problem is that it has no real regulation governing trade or exchanges for goods or services. Until more oversight is created, more problems like this will continue and eventually undermine the faith of the exchange.
Later People.
http://www.wired.com/threatlevel/2011/06/gox/
http://www.theregister.co.uk/2011/06/19/bitcoin_values_collapse_again/
http://www.pcworld.com/article/230377/worlds_first_virtual_heist_bitcoin_user_loses_500000.html
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