Re:$4.1m goes missing as Chinese bitcoin trading platform GB...
by biafra on Tuesday November 12, 2013 @03:02AM
(#6716426)
Bitcoin is traceable.
I wonder how the Bitcoins mentioned in the article have vanished? Every body that put money in there should have close look at the Bitcoin block chain and find out where his Bitcoins went.
But as always these kind of articles lack useful details.
Re:$4.1m goes missing as Chinese bitcoin trading platform GB...
by jacques_chester on Tuesday November 12, 2013 @04:13AM
(#6716662)
Looks like I was under a misapprehension. That leaves (1).
What changed is that it became less valuable per unit of volume and mass (due to inflation) and that it became more traceable (due to regulation).
In bitcoin's case, it's designed to be immune to both of these. The wild west is here to stay.