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Apr 23, 2014

Digging for answers: The “strong smell” of fraud from one Bitcoin miner maker

Posted by in category: bitcoin

Ars Technica

For many crypto-minded libertarians, Bitcoin is the future of money. But that dream hasn’t been helped much by the numerous high-profile legal cases involving the currency in recent years: The Bitcoin Savings and Trust hedge fund collapsed; uncertainty fueled the implosion of Mt. Gox, the currency’s largest exchange; and the high-profile Silk Road takedown is a treacherous story combining Bitcoin, drugs, and alleged murders.

For now, though, one company sits above all others when it comes to cultivating a new level of direct customer mistrust in the Bitcoin community: Butterfly Labs.

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