Slashdot Mirror

← Back to Stories (view on slashdot.org)

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."

1 of 357 comments (clear)

  1. Re:The cost of an unregulated currency by rudy_wayne · · Score: -1, Troll

    Bitcoin became popular in no small part because many people believe government-backed currencies are overregulated or poorly managed.

    No, Bitcoin became popular because a bunch of crackpots bought into a bunch of anti-government bullshit. Despite all the problems and imperfections with governments and regulations, the bitcoin nutjobs are too busy drinking the anti-government kool-aid to understand that it's precisely those governments and regulations that create stability which in turn makes a currency actually worth something.

    And a few speculators looking to get rich quick.