"Bitcoin is a virtual currency that has no intrinsic value. The only thing
giving bitcoin value is the faith that people have in it, and now that faith
has been shattered. This week, the most prominent bitcoin exchange in the
entire world, Mt. Gox, totally collapsed. At one time, Mt. Gox boasted more
than a million accounts and it accounted for approximately 25 percent of all
global bitcoin trading. But now the website has been taken down, there are
rumors of catastrophic losses, and many investors are concerned that they
will lose all of their money."
By Epictetus
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