Tuesday, February 25, 2014

Broken Walls Set Course for Bitcoin's 'Lehman Moment' - MoneyBeat - WSJ

Too chaotic to fail?...

"“The Mt. Gox case is the Lehman Brothers moment for digital currencies. This is a wake-up call for everyone and there will be major ramifications,” said Mark T. Williams, who teaches finance at Boston University and has studied bitcoin sceptically.
“These exchanges are holding client funds but behaving more like boiler-room brokers,” he said. “The whole bitcoin exchange infrastructure has been built on clay feet.”"
Broken Walls Set Course for Bitcoin's 'Lehman Moment' - MoneyBeat - WSJ
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