1. "Mt. Gox may have become the biggest business to collapse within the Bitcoin economy when it declared bankruptcy last week after a massive theft of its coins. But it won’t be the last."-Andy Greenberg
Article: Another Bitcoin Startup Tanks After $600,000 Theft
2. “In Bitcoin, nobody is too big to fail. But overall by weeding out the bad actors, Bitcoin will become stronger. It’s all part of the maturity of this industry. The people who can’t keep up with the industry or are not prepared… will eventually get kicked out.”-Eric Spano
Article: Price Of Bitcoin Recovers Monday As The Market Matures - Expert
3. "I wouldn't be surprised if it's not around in 10 or 20 years."-Warren Buffet
Article: Warren Buffet reveals he is no fan of Bitcoin
4. "Imagine if Gmail were to close down. Would we say, 'The end of email has arrived'? Of course not.
People are mixing up a private company with an entire industry. Mt. Gox for example, began as a platform for trading Magic: The Gathering cards, [and] a few short years later they are holding hundreds of millions of dollars in customers' money and became the number one [Bitcoin] exchange. Did they become the number one exchange because they were the best? No, [it's] because they were the first.
This is a common trend when it comes to new innovations. The weak, poorly managed companies that reached the top will go down and the properly managed companies will battle each other for the number one position. So while it's tragic this is occurring and so many people lost money with them, it is also important to note this is a key time for Bitcoin and other cryptocurrencies where the consumer stands to win when the exchanges begin to compete with one another."-Brett Stapper
Article: All Those Bitcoin Exchanges Closing Won't Doom The Entire Industry
5. "In 2012, $478 billion in remittances, money transfers across borders, occurred globally. Not only is it hard to imagine Bitcoin failing to play a role in the market, it’s hard to imagine Bitcoin failing to gain a dominant position in it."-Mark Rogowsky
Article: You Don't Need A Nobel Prize To Be Wrong About Bitcoin, But It Helps
Tuesday, March 4, 2014
Tuesday, February 25, 2014
Top 10 Things People Are Saying About Bitcoin This Week
1. "The failure of the Mt. Gox exchange isn’t the end of bitcoin—but it’s probably the end of amateur hour."-Tim Fernholz
Article: When bitcoin’s biggest exchange failed, it asked for a bailout from its competitors
2. "Every important new technology has birthing pains. PC did, Web did, Bitcoin does. Our enthusiasm and commitment unchanged."-Marc Andreessen (@pmarca)
3. “While all the facts surrounding the situation at Mt. Gox in Japan are not yet clear, these developments underscore that smart, tailored regulation could play an important role in protecting consumers and the security of the money that they entrust to virtual currency firms.”-Benjamin M. Lawsky
Article: After Mt. Gox Implodes, Bitcoin CEOs and Lawmakers Scramble
4. "This might not be the last we hear of Karpelès and his Gox-related doings. It’s being reported that he purchased the domain name Gox.com this week, which could indicate that the Bitcoin mountain will rise again under a different but similar brand."-Eric Mack
Article: Once Mighty Bitcoin Exchange Mt. Gox Is Offline, Likely Dead
5. "I always feel good buying when there is blood in the streets in any market."-Fred Wilson
Article: UPDATE 6-Bitcoin exchange Mt. Gox goes dark in blow to virtual currency
6. "As we follow the continued march of cryptocurrency, we should remember the big picture. Yes, there will be mishaps, evidence of corruption, lost money, ups and downs in price, and messes all around. This is the way markets give birth to new worlds."-Jeffrey A. Tucker
Article: Bitcoin Comes to Wall Street
7. "I fight for #cryptocurrency like #bitcoin b/c I'm an expat w/family in South America & these remittances can be life-changing for millions."-Rey Poullard (@reypoullard)
8. "It turns out that if you’re hoping to run a worldwide revolution in finance, it’s best not to put too much faith in a company initially intended as a way to buy and sell Magic: The Gathering playing cards."-Joshua Brustein
Article: True Believers Cheer the Fall of Bitcoin Exchange Mt. Gox
9. "People learning about or trading Bitcoin should deal with reputable, well-run, well-backed companies such as Coinbase (our choice)."-Marc Andreessen (@pmarca)
10. “This is certainly not the end of Bitcoin. Perhaps the end of one chapter, but certainly not the end. As our industry matures, we are seeing a second wave of capable, responsible entrepreneurs and investors who are building reliable services for this ecosystem.”-The Bitcoin Foundation
Article: Bitcoin Price Resilient as Antonopoulos, Andreessen Weigh in on Mt. Gox Debacle
Friday, February 14, 2014
Coinbase Encourages Developers To Explore The Possibilities of Bitcoin With App Building Contest
Yesterday, Coinbase announced the launch of Bithackathon.com intended to "inspire developers across platforms and continents to build solutions with bitcoin." App entries will be judged based on creativity, usability, and execution. First prize wins $10,000 worth of bitcoin, second prize wins $5000 worth of bitcoin, and third prize wins $3000 worth of bitcoin. Submit your entry by March 16th. More information can be found on the Coinbase website here: http://bithackathon.com/about.html. Good luck!
Tuesday, February 11, 2014
Monday, February 10, 2014
Tuesday, January 28, 2014
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