This Week in Bitcoin: Big Bangs, Huge Swings, and a Word From the White House

Other click-friendly stories included The World’s Worst Named Cryptocurrencies. We said:

Classics that are dead in the water include Fck Banks Coin, Fellatiocoin (it blew), Groincoin, and Crimsoncoin whose devs “sold their coins and ran off in less than a week”. No prizes for guessing what happened to DodoCoin.

…And Now For Some Real News

By midweek, the bitcoin roller-coaster was making everyone giddy and causing overloaded exchanges to tap out. There were more memes, media headlines, and soundbites than we could keep up with, though we tried to summate the best in our piece on bitcoin going parabolic. We said:

The only way to find out whether this rocket is filled with paper straws or moon fuel is to keep going. One thing’s for sure: up this high in the atmosphere, things start to get scary. It’s a long way down.

Welcome to the School of Bitcoin

With all the new money and newcomers pouring into cryptocurrency, we decided it was time to dispense a few elementary lessons, including one on calculating transaction feesand another on how to safely store your bitcoin. In Stay Safe By Keeping Your ‘Bitcoin Business’ to Yourself we urged:

Leaving your private information out in the open or bragging about [your bitcoin holdings] on social media is not the greatest idea because thieves and even jealous friends can become very real.

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