Falkvinge predicted this a about a month ago:
- In other words, the scam cynically exploited people’s loss and grief to actually make them happy when they got something back. Most “hacks” of bitcoin sites since then have actually been copycat scams of mybitcoin.com, again according to this source. If – repeat, if Empty Gox is executing a copycat scam, we should expect the site to offer their clients a portion of the holdings back, a portion probably lower than 50% (just to drive the point home), and that offer should appear on or about March 11, 2014. Time will tell.
Interesting. Very, very very interesting
Fascinating in light of Falkvinge's article. It seems very likely that this was an inside job, and moreover a scam following mybitcoin.com's. I have continued to avoid bitcoin out of frustration about the rampant speculation which has driven it into the public eye. As a currency, it seems ideal, but the concept of bootstrapping it on greed frustrates me and makes me wary to use the system in everyday life. Hopefully this period will cool and it will become a system that can be used reliably for many kinds of transactions in lieu of government-backed fiat currencies. Still, I have doubts as these currencies benefit tremendously from the stabilizing efforts of governments. As of yet, no one has any motivation to stabilize the price of BTC, and as such risk dominates any potential utility for small users of the currency.