Since 2 weeks Bitcoin is seriously under heavy attacks from different angles.
- First a series of arrests.
- Apple discontinued the Bitcoin app .
- Last week: Mt Gox problems (Bitcoin exchange) destroyed one of the pillar of Bitcoin
“MtGox, a Bitcoin exchange that used to have over 90% market share in the industry and still remains one of the top three Bitcoin exchanges today, announced on Friday that they would be halting BTC withdrawals as a result of unspecified internal technical issues, and promised that they would have an update by Monday. The Bitcoin price dropped 10% partly as a result of the news, and conspiracy theories abounded about what was going on inside. One Bitcoin user travelled from Australia to hold a protest in front of the MtGox offices, and even had a conversation with MtGox CEO Mark Karpeles – a conversation the details of which he published in his post on Reddit. Today, MtGox announced that […]The post Transaction Malleability: MtGox’s Latest Woes appeared first on Bitcoin Magazine.”
Today Bitcoin Exchanges Under ‘Massive and Concerted Attack
“Bitstamp has suspended bitcoin withdrawals in light of an attack on the Bitcoin network.”
As you can see all these attacks are on Bitcoin reputation
Today JPMorgan Report Slams Bitcoin as ‘Vastly Inferior’ to Fiat Currency
“A new report by JPMorgan has issued a sharp critique of bitcoin and other digital currencies.”
Conclusion: Bitcoin is at a serious bifurcation point