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Cryptocurrency Exchange Vircurex To Freeze Customer Accounts

Posted by timothy on from the experiencing-unusually-heavy-call-volume dept.

Powercntrl (458442) writes "Vircurex, an online exchange for Bitcoin as well as other cryptocurrencies is freezing customer accounts as it battles insolvency. While opinions differ on whether cryptocurrency is the future of cash, a Dutch tulip bubble, a Ponzi scheme, or some varying mixture of all three, the news of yet another exchange in turmoil does not bode well for those banking on the success of Bitcoin or its altcoin brethren, such as Litecoin and Dogecoin."

3 of 357 comments (clear)

  1. Re:hmm, people out to make a quick buck by Anonymous Coward · · Score: 5, Insightful

    Repetitve comment, that.

  2. Bad Analogy by SuperKendall · · Score: 5, Insightful

    Saying that an exchange like this going going bad means Bitcoin is failing, is like claiming a small corner bank failing means the end of the U.S. dollar is nigh.

    The exchanges dying is good for bitcoin, because the bad ones will be replaced by more solid and upright entities.

    Dogecoin started as a joke, remains a joke, and should be treated as a joke.

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  3. Re:hmm, people out to make a quick buck by Anna+Merikin · · Score: 5, Insightful

    And until a hundred years ago, cartels were legal, too. Two hundred years ago, the slave trade was going strong in parts of the USA.

    Just goes to show.