Seems more and more like the "technical glitch" at Mt. Gox is actually an existential issue for Bitcoin.
@ElliotTurn bank run analogy for bitcoin itself would be if people start decommissioning their mining rigs
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@paulbaumgart Bank run is on the exchanges. Too many people asking for $$ at once that they simply can't produce. -
@ElliotTurn makes sense, and price has dropped, but the bitcoin network has a long history of surviving high volatility - 1 more reply
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