Last week we had the Mt Gox loss and closure, today we have news of a second Bitcoin bank going bankrupt. This time after misplacing £365,000 in credits. See: Bitcoin bank Flexcoin closes after hack attack.
Jon Stewart sheds some humor on the Bitcoin phenomenon: “It is the Tamagotchi of currency…It’s a proud moment when a little baby currency takes its first steps…towards full-on corruption”.
But Stewart also correctly points out that Bitcoin has nothing on some of the frauds perpetrated by the big banks the past few years. Here is a direct video link available on The Comedy Network in Canada.