Something’s fishy over at Mt. Gox. This morning before taking my jog the prices for Bitcoins was stable at around $17.70 US per coin. After coming home from lunch, Twitter and Reddit were buzzing about a flash crash. I missed a good opportunity to buy them cheaply (some readers confirmed that their orders were filled at $1). There could be another flash crash with this kind of volatility.
The birth of a new currency is a messy thing.
[Edit]: Mt. Gox is back up. Official statement here.
What doesn’t kill bitcoin only makes it stronger. I suspect they’ll implement more protections in the system. The bandits only made off with $1000 due to daily withdrawal limit but not much more.