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

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