Re: Speculative bubble bursts, economy fine
Bitcoin has lost more than half its value since December, but lost far less over this hack. If there was a hack of one of the major bitcoin exchanges then you'd see its value fall by half (or more) overnight, this was a hack of a minor exchange involving a minor cryptocurrency.
Theoretically hackers could short bitcoin to make money when they hack an exchange but I really doubt it - chiefly because I'm not sure there IS a viable way to short bitcoins. In the financial world you short something by borrowing shares of stock, which you then sell and hope to buy back for a cheaper price tomorrow. Good luck trying to find someone willing to let you borrow and sell their bitcoins!
Biting the hand that feeds IT
