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Brad Reed
Guest
This has been a rough week for many Bitcoin owners who have lost substantial amounts of money due to the collapse of Mt. Gox, which had been the world's largest Bitcoin exchange. However, Bitcoin owners who escaped the fraud that took down Mt. Gox shouldn't rest too easy: This is likely just the end of the beginning of a burgeoning Bitcoin fraud wave. In fact, American Banker has taken a look at the early history of online payment platform PayPal and has concluded that Bitcoin's immediate future can be boiled down to just two words: "More fraud."
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Via BRG - Boy Genius Report