The recent turmoil in Greece, which has included the government institution of withdrawal limits at major banks, should have presented a major opportunity for bitcoin to gain positive media attention. With Greek citizens flocking to buy bitcoin during bank closures, the virtual currency should be enjoying media exposure as a stable, safe alternative currency for the Greek people.

Rough Weekend

Instead, this week has been disastrous for bitcoin. This past weekend, untimely software updates at bitcoin delayed payment confirmations by up to five hours. However, at least those issues were not malicious.

Under Attack

For the past couple of days, bitcoin has been…

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