Interesting Bitcoin Update

[Michael]

So Mt. Gox failed to update their code even though other exchanges worked together with others, the bitcon developers  and their customers, and that's why they died, much more interesting conversation though. This is the end of the section though number 17th.

 

I love bitcoins and also I believe they are better closed

[cloudrck]

If you go around on Bitcoin/crypto related forums, you'll see people warning against MtGox a while back. They never knew what they were doing from the beginning, just trying to cash in on the bandwagon jumpers, it was only a matter of time before their incompetence caught up with them.

[Paul]

There will always be bad players, whether malicious or negligent. Unfortunately, it will result in calls for government regulation. Rather, I suggest people do their research on exchanges before doing business with them, and diversify. Never put all your coins in the same place. Don't leave large deposits in exchanges, transfer them out into wallets you control. Never use a hosted wallet.