An anonymous reader writes The team over at the BITCOMSEC (Bitcoin Community Security) project released a second part to their ‘Tracking a Bitcoin Thief’ series in which they disclose what happened to a once-rising alternate crypto currency project that promised to place guaranteed value of its MidasCoins by backing it with actual Gold. Dealing with the reality of user compromise, the projects founder ups and runs away with all of the communities coins; cashing them out at an exchange for Bitcoins. A sobering tale of trust issues within the alternate crypto currency community. (The first part is interesting, too.)
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