The inevitable next chapter.

Attack the System

Vince
vince@thedailyattack.com
The Daily Attack

In spite of attention grabbing headlines, Bitcoin has proven its resiliency the past few days by maintaining a stable price in the $16-17 per BTC range. Many wrote off Bitcoin as doomed after it’s largest exchanger, MtGox was taken off line following a wave of abuse, hacks and fraudulent manipulation that resulted in prices on the exchange market to drop as low as $0.01 per Bitcoin. What most have failed to realize, however, is that the attacks were not on the infrastructure of Bitcoin itself, but on MtGox. Bitcoin itself remains intact and as secure as ever. The only thing that has changed is that scammers have taken note of what was an immature, innocent community that had sprung up around the crypto currency. That same community has pulled through, and is unlikely to fall for the same tricks again.

Why has Bitcoin retained value…

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