Federal Reserve Delays Taper Continues Debasement

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Some black hat hacker going via handle "Lance G" threatened to crash the site unless it gave him a $5,000 ransom. Let's not pretend blackmail is some kind of economic indicator for the monetary viability of Bitcoin. Some even speculate that law enforcement is behind the DDoS attacks.

Silk Road had visited operation since 2011, coupled with grown to some size of 957,000 users transacting an utter of 10.5 million Bitcoins, the equivalent more than $1 zillion. Ulbricht is alleged to watch out for more than $20,000 everyday from running the blog site.

Bitcoin Mining The move was a surprise to investors, who happened to be expecting a taper right down to between $65 billion and $75 billion per month based on comments that is caused by Federal Reserve Chairman Ben Bernanke in June.

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