Major Bitcoin Exchange Ceases Operation

Follow Slashdot stories on Twitter

Major Bitcoin Exchange Ceases Operation 208

Posted by Unknown Lamer on Wednesday February 15, 2012 @01:22PM from the but-mom-money-does-grow-on-gpus dept.

First time accepted submitter Sabbetus writes "On Monday the CEO of prominent Bitcoin exchange Tradehill announced that they are shutting down. Ars Technica ran a story on this stating that 'After Monday's news, the currency's value fell from $5.50 to $4.40, a decline of 20 percent.' Tradehill is returning all funds and meanwhile their competitors are fighting over who gets Tradehill's customers."

This discussion has been archived. No new comments can be posted.

Major Bitcoin Exchange Ceases Operation

Search 208 Comments Log In/Create an Account

Comments Filter:

Re:Bizarre and Confusing Summary (Score:4, Funny)

by alphatel ( 1450715 ) * writes: on Wednesday February 15, 2012 @01:25PM (#39046365)

A trading firm that never actually trades, with non-existent competitors, trading a currency that doesn't exist, has gone out of business due to massive losses!

Parent Share
twitter facebook
Bitcoin's still around? (Score:5, Funny)

by SleazyRidr ( 1563649 ) writes: on Wednesday February 15, 2012 @01:35PM (#39046527)

I thought that Bitcoin must have ceased operating when there stopped being a slashdot story about them every day.

Share
twitter facebook
Re:Oh! The huge manatee! (Score:5, Funny)

by houstonbofh ( 602064 ) writes: on Wednesday February 15, 2012 @01:41PM (#39046621)

On Monday the CEO of prominent Bitcoin exchange Tradehill announced that they are shutting down.
And not a single fuck was given that day.
If everyone actually stopped fucking for a day, that would be huge news. (To everyone other than you)

Parent Share
twitter facebook
Re:Bizarre and Confusing Summary (Score:2, Funny)

by Anonymous Coward writes: on Wednesday February 15, 2012 @03:03PM (#39047993)

AHA! Proof that you actually read the article AND Jered's original post to the bitcointalk forum announcing the change. Tradehill is closing so that a new platform can be built from the developer team.
You actually read the article and its source material. You are an embarrassment to the Slashdot community. :-)

Parent Share
twitter facebook
Re:Bizarre and Confusing Summary (Score:4, Funny)

by tompaulco ( 629533 ) writes: on Wednesday February 15, 2012 @03:19PM (#39048251) Homepage Journal

And by "print money" you mean "waste electricity while participating in a pyramid scheme that was destined to fail." Right?
Nope. Because Bitcoin is not a scheme whereby people use newcomers money to pay people who have been in the scheme longer. In fact, Bitcoin does not ask people for money at all.

Parent Share
twitter facebook
Re:20% Drop... where's CNBC's coverage? (Score:2, Funny)

by MysteriousPreacher ( 702266 ) writes: on Wednesday February 15, 2012 @04:24PM (#39049551) Journal

Zimbabwe should switch to Bitcoin. A 20% overnight drop in their national currency would be a cause for astonished celebration.

Parent Share
twitter facebook
Re:Bitcoin's still around? (Score:4, Funny)

by maxwell demon ( 590494 ) writes: on Wednesday February 15, 2012 @04:26PM (#39049589) Journal

You think that Taco left because of a lack of bitcoin articles?

Parent Share
twitter facebook

There may be more comments in this discussion. Without JavaScript enabled, you might want to turn on Classic Discussion System in your preferences instead.

Major Bitcoin Exchange Ceases Operation 208

Major Bitcoin Exchange Ceases Operation More Login

Major Bitcoin Exchange Ceases Operation

Re:Bizarre and Confusing Summary (Score:4, Funny)

Bitcoin's still around? (Score:5, Funny)

Re:Oh! The huge manatee! (Score:5, Funny)

Re:Bizarre and Confusing Summary (Score:2, Funny)

Re:Bizarre and Confusing Summary (Score:4, Funny)

Re:20% Drop... where's CNBC's coverage? (Score:2, Funny)

Re:Bitcoin's still around? (Score:4, Funny)

Related Links Top of the: day, week, month.

Slashdot Top Deals

Slashdot