For everyone's info:

What a great!
Thank you very much in adopting the FujiCoin. 

Also, Happy New Year to all!!!   

MMNC

Will this be the year that bitcoin and other crypto currencies collapse?

No. There are too many deep-pocketed interests standing ready to throw good money after bad defending the cryptocurrency experiment, thus preventing an outright or dramatic collapse.

Nevertheless, the chances of bitcoin, the most popular of this new breed of self-clearing financial instruments, making it as a mainstream currency are now zero. Prices have been floundering at around $350 a coin for months, escalating losses for those who invested at last year’s $1,200 highs.

Add to this a stream of high-profile scandals over the past year, such as the collapse of Tokyo-based currency exchange Mt Gox in February, and you realise it is not a question of if but when the public loses interest in this experiment entirely.

Izabella Kaminska Financial Times

http://www.ft.com/cms/s/2/fb55f168-807f-11e4-872b-00144feabdc0.html#axzz3NwqUPlLI


Possibility that FujiCoin will be key currency is zero too. lol

Bitcoin exchange Bitstamp halted after security breach
Murad Ahmed Financial Times , January 6, 2015 9:25 am

Europe’s leading bitcoin exchange has been forced to suspend operations after losing millions of dollars worth of the virtual currency due to a breach of its systems.

Bitstamp, which moved its headquarters from Slovenia to the UK in 2013, has halted withdrawals and advised customers not to make deposits following the apparent hack.

The latest development will fuel concerns about security issues surrounding the nascent bitcoin industry, coming almost a year after problems at the leading Mt Gox exchange led to its bankruptcy and a crisis in confidence in the cryptocurrency.

Bitstamp, considered the world’s third busiest bitcoin exchange, said fewer than 19,000 bitcoins — worth about $5m — had been lost after its “operational wallets” were compromised. The site was taken down on Monday and is yet to resume services.

However, it said the vast majority of its reserves remained untouched as they are held in “cold storage”, meaning they are held on computers not connected to the internet, away from the reach of cyber attackers.

“Bitcoin customers can rest assured that their bitcoins held with us before temporary suspension of services . . . are completely safe and will be honoured in full,” Bitstamp said. It added that it had launched an investigation and said it would “actively engage with law enforcement officials”.

Concerns about whether ordinary users can trade safely in bitcoins have led to a steady fall in the price of the cryptocurrency. At its peak, bitcoin was traded for $1,240 on the Mt Gox exchange.

According to Coindesk, the bitcoin news site, the price is now about $275.

Nejc Kodrič, Bitstamp’s chief executive and co-founder, apologised on Twitter for the issues, saying “we are working diligently to restore service”.

http://www.ft.com/intl/cms/s/0/668a1b0a-957d-11e4-b3a6-00144feabdc0.html#axzz3O8DMo37v

 

Hello Motty and Doug!

Glad the Holidays are over lol

Interesting articles about the demise of bitcoin, however I am not so sure. I still think crypto is here to stay. I have been following closely Paycoin, which for the most part is a BIG FAIL at this point. Still have a lot of optimism for BTC 

Hope all is well!!

MMNC

Today, heart of FujiCoin has stopped 7 hours.

I am solo mining - I may need to slip away for a few hours here and there, but I'll return.