posted on Jun, 2 2017 @ 06:25 PM
The bitcoin network is too large to be sustainable. I have read many transaction can take hours to days to weeks to get through and some get lost. I
would be extremely wary of investment because of the fact that exchanges are run by criminals who claim their system was hacked for millions of
dollars worth of coins then disappear or run off to China with said coins.
Here are a couple of examples to name a few:
Mt. Gox is one example of course. Mark Karpeles, the owner, was caught, confined to Japan and is being observed by the Japanese government. He will
probably be very comfortable one day with the 650,000 bitcoins that were never found.
Big Vern, owner of Cyrptsy, just one day closed his exchange, claimed a hacker theft, which was proven otherwise, and skipped out with millions of
dollars in coins. He is enjoying his stolen millions in Bitcoins and Litecoins under the protection of the Chinese government.
2-6-2017 by eManym because: (no reason given)