As bitcoin exchange MtGox collapses, man who predicted the crash implores bitcoin holders to stop being suckered into a digital Ponzi scheme
by Mike Adams
NaturalNews.com
Thursday, February 27, 2014
In April of 2013, I warned Natural News readers about investing in Bitcoin, saying on the record:
The bitcoin infrastructure is subject to the whims of just one person running MTGox who can arbitrarily decide to shut it down whenever he thinks the market needs a “cooling period.” This is nearly equivalent to a financial dictatorship where one person calls the shots.
Just two days ago, the largest bitcoin exchange MTGox suddenly and without warning shuttered its doors, blocking all customers from accessing their accounts which are collectively worth hundreds of millions of dollars.
The entire MTGox website now reads:
Dear MtGox Customers,
In light of recent news reports and the potential repercussions on MtGox’s operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly.
The Rest…HERE
