Bitcoin's Fatal Flaw
businessinsider.com
businessinsider.com
"As soon as the Bitcoin community realized what was happening at GHash, "independent" miners who'd subscribed to the collective removed their computers from the pool."
Markets can stay irrational longer than you can stay solvent. I feel that bitcoin, while it has the place in the right heart, is not going to survive when it wipes out people's value. Then the media will go insane about how they can't trust cryptocurrencies ever again and a new one emerge. The government fully is aware of this, and it's in their best interest to let it crash, let people discredit it with their own hard earned money.