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re: Major glitch in Bitcoin network sparks sell-off

Posted on 3/12/13 at 8:50 am to
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 3/12/13 at 8:50 am to
I wonder how much overreaction will be contained in this thread.



FWIW, I was present for the whole event last night and I watched as the issue was discovered to it being resolved, all in just a few hours. That's a pretty good response time, as opposed to this bank, wouldn't you agree?



This post was edited on 3/12/13 at 8:51 am
Posted by LSURussian
Member since Feb 2005
126963 posts
Posted on 3/12/13 at 8:57 am to
"I bought this hat online using bitcoins!"

Posted by Waffle House
NYC
Member since Aug 2008
3946 posts
Posted on 3/12/13 at 8:59 am to
quote:

That's a pretty good response time, as opposed to this bank, wouldn't you agree?


Sure, but it was an incident isolated to only that bank and their customers. It also didn't devalue the currency of those with holdings.

Question for you Wiki, would it be possible for a group of individuals to manufacture one of these events to trigger a sell off? Are there limits on acquiring bitcoins and how quickly do the transactions occur?
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 3/12/13 at 9:49 am to
quote:

FWIW, I was present for the whole event last night and I watched as the issue was discovered to it being resolved, all in just a few hours


What does this even mean? You were on the Internet?
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