Bitcoin Exchange CryptoRush Loses Millions of BlackCoin Cryptocurrency

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Late last month yet ANOTHER Bitcoin exchange lost millions in Cryptocurrency. However, this time, the exchange CryptoRush, didn’t have Bitcoin stolen, but another cryptocurrency known as Blackcoin…

This clip from the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM

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20 COMMENTS

  1. What a massive list of ignorant trolls.  How many of you are from government departments, trying to scare people away from crypto currencies, because it competes with your fiat shit?  You people expose your complete ignorance when the slamming you do to cryptos is more appropriately directed towards the US dollar.  But that's ok, because your ignorance and arrogant stupidity will automatically address you directly in the form of financial collapse.  Your inability to understand cryptos makes clear that you don't understand the economy or the US dollar in general.  And because of this, you fools will be invested in nothing but dollar-backed assets, because you know no better.  And when the overall collapse blasts out across this nation and this entire planet, causing the dollar to burn into nothingness, your entire portfolios will vanish overnight.  This might be a good thing as people this stupid ought not to have the finances to freely move about and spread more of your worthless shit.

  2. Think about the possibility for scamming that is available with this stuff.  They are just inventing some commodity out of thin air, and then intentionally restricting the flow to make it artificially valuable. 

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  3. I have been idly following the hilarious tragicomedy that is Bitcoins since they first came on the scene.  If you dig into the drama around bitcoins it's like peeling a massive onion of head-slapping schadenfreude.  It's just one hilariously stupid thing after another after another after another.  Last year, my jaw dropped when I saw that the mainstream press was starting to talk about bitcoins and circulate stories about overnight bitcoin millionaires or whatever – because knowing how bitcoins work (they don't) I knew that there would be a LOT of new suckers who would then fall victim to the same old story of massive hilarious market disaster-drama with many tears to be had.  But this would be like saying 'hey that train is going to hit that guy standing in front of it who isn't moving' – not exactly a prophetic vision.

  4. Funny how you were reading a complaint that bitcoin problems were being exaggerated and then your side kick and you claim millions are lost…. the millions adding up to 70 thousand USD.

  5. Bitcoin has existed for quite a long while, hasn't it?  I don't mean Bitcoin itself, I mean virtual currency.  I remember reading once that only 8% of all the money that has ever existed has been printed.  Ninety-two percent of the worlds money is just numbers on the books.

    So with most of the money not existing in the first place the only guarantee you have for value is a national treasury with regulated fiat currency that assures that your numbers translate to worth.  Without that this repeated series of bitcoin debacles is what you get.  Start coming around to that fact, libertarians.

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