Paypal, Visa/Mastercard block Mega.co.nz for using encryption.
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@Nic The problem with Bitcoin is they're probably going out. I don't remember if it was China or somewhere in Europe they ran away with several Millions from customers.
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@sjohnsonsc said:
@Nic The problem with Bitcoin is they're probably going out. I don't remember if it was China or somewhere in Europe they ran away with several Millions from customers.
Bitcoin made off with the money? I've not heard anything about that. People have lost their own bitcoins, are you referring to Mt. Gox?
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The Mt. Gox loss was pretty small compared to recently uncovered losses of traditional currency to Russian hackers.
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@scottalanmiller I might be slightly confused it was a news article that a currency shop supposedly run by BitCoin suddenly closed and ran with customers money. I'll try to find the article and post it.
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@scottalanmiller Thank you for calling me out. I did some further research and found it was not BitCoin but MyCoin which was not proven to have any ties with BitCoin that fraud customers out of $400M. I apologize to all the readers of this feed, for not double checking my facts first. Again thank you Scott for calling it.
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Ah, that explains why I hadn't heard about it
Definitely a risk, small unregulated financials handling a lot of these transactions.
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And welcome to MangoLassi, by the way!
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That's the problem with keeping your currency (any currency) in someone else's control. Sadly I don't there there is a way to get away from this.
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@Dashrender said:
That's the problem with keeping your currency (any currency) in someone else's control. Sadly I don't there there is a way to get away from this.
That's how any currency is. It's always in "everyone's" control.
I did currency trading for a decade
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Yeah I realize I was digging myself into a bad statement, but still decided to post it, probably should have just deleted it.
