So Bitcoin took another big hit today as mtgox stopped processing withdrawals. Looks more and more like they are running their business like full tilt poker did. Taking money for themselves and their company operations while counting on deposits to cover withdrawals. It seems like it would be very tempting way to operate an unregulated exchange like this.
Seems like there are pyramid and ponzi schemes on top of schemes in the wild west of the virtual currencies and I find it kind of shocking that as each of these news items drops the price still keeps somewhat stable.
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