Terra Nova: Bitcoin Sued

Bitcoin Sued

Terra Nova Simulation + Society + Play Main Page History & Contributors Videos & Books Archives Bitcoin Sued by Edward Castronova on August 14, 2012 Someone hacked a Bitcoin vendor. The vendor had some trouble making payments to account holders. Now some of those account holders have sued the vendor to the tune of about a half-million $US. There's a tension between the freedom of a virtual currency and its security. I wonder - how secure are holdings of priority points and rewards and the like? How secure is Facebook-based money? How secure are credit card systems like Square ? Dollars and Euros and Yen are protected by law enforcement. Other things aren't. Will that in the long run make the difference between currencies that survive? Comments on Bitcoin Sued : Ryan Singer says: Bitcoinica was sued. Bitcoinica was one of many Bitcoin vendors. The Bitcoin standard is very s...

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