The rise of bitcoin, an electronic payment system that touts itself as “the first decentralized digital currency” has been the talk in tech scene in the last few weeks. With the latest market crash the system credibility has been questioned. Today, the guy who took advantage of yesterday crash post his side of story protesting Mt Gox decision to rollback yesterday trades.
I’m Kevin and I’m the guy who bought 259684 BTC for under $3000 yesterday. I really wanted to keep this as quiet as possible, but I don’t feel I can anymore. Here’s my side of what happened.
The whole spectacle is rather amusing. They are learning about why money is handled the way it is. Looks like I’m not building bitcoin mining farm anytime soon.