Sunday, March 2, 2014

Mt Gox event is a lesson for bitcoin

Mt. Gox shutdown for having problems on cash withdrawals , eventually being sued and now its filing for bankcruptcy . The bitcoin system is not affected with this happening but rather Mt. Gox event is a lesson for bitcoin.  Let's take a look at this video ;

The report site from You Tube explains what happened after Mt. Gox was shutdown and stopped its transactions with its members . It provides the evidence that bitcoin did not stopped but it went through the crisis of Mt. Gox and not bitcoin crisis. 

The author also explains the biases of media to portray that its the end of bitcoin.

The author also had some proof that he already suspects something is wrong with Mt. Gox transactions before and he was already thinking that there was a marketing error report.

There is also a proof that  bitcoin system is not to blame for the crisis of Mt. Gox but its the management and handling of Mt. Gox with bitcoins.

This short report just prove that "Bitcoin is not dying"  and will stay here as long as there is an internet.

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