Who knows the fall out, I don't expect it to be huge but it will chill the market for a period as people start to swallow down the large counter party risk in exchanging uninsured pieces of value at what are essentially frontier saloons.
Anyway, some people lost alot of money today. Any time that happens it will cool down a market. People swarmed to bitcoin in part because of the perception that it was less risky that paper money, well... how's that working out?
|