Bitfloor, number four Bitcoin-based exchange, shuts down for good

Another bitscam server goes away, leaving investors ruined...

if you have some kind of EBS committment to bitslam, shake yourself out of it and sell.

Bitcoin begins its vanishing act

Based on the same exact principles of the online video game MINECRAFT, bitcoin is exactly similar except you can mine and make it real money. It so it seemed. Because the premise of bitcoin was that it was a server based op - just like minecraft. No server, no bitcoin.

Mtgox, the main bitscam server, is run by one Japanese guy in Japan. So forget any SEC or FDIC or any kind of protection. And with other servers in China, you get the idea...

And with that understanding in mind, today, one of the main servers of bitcoin BITSERVE, has shut down. No more bitcoin.

Like an online game, once the server is turned off, so is the game.

And so is bitcoin.

Bitcoin crashed from $260.00 a share to...

$50.00

And it is slowly dying. Get out while you can, if you can that is. Before you end up with a bunch of useless online stock certs that mean nothing.

Just last week, someone asked me about BITCOIN. I told them it was a ponzi scam, just like pump and dump penny stock swindles

the pump and dump scam in play and everytime

And sure enough, that's what happened yesterday, when the whales sold off erasing ONE BILLION DOLLARS OF VALUE from bitcoin. Those who didn't see this coming instantly saw their investment evaporate.

And that, folks, is how stock swindles and ponzis essentially end up working out.

Bitcoin was and is never meant to be a realistic currency replacement for the Fed Notes. Won't happen. Just like liberty dollars a few years back, it's a dead-end the network allows, (to function as a lightening rod) just to see who is disgruntled enough to part with hard cash to change things. Then they know. Who you are that is.

Then they take that hard cash when the network whales bale out cleaning up all your millions of dollars for themselves and their friends.

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UPDATE: Bitscam loses 75% of its value in 48 hours; a complete crash and wealth transfer.