2012 has been an exciting year for Bitcoin. We have seen BitPay grow from near-irrelevance to processing transactions for over 2000 merchants around the world, Coinabul expand its gold-selling business from nothing in October 2011 to over 120,000 BTC of gold sold this year, entirely new Bitcoin-accepting businesses like Coindl and the Bitcoin Store open their doors, and hundreds more innovative services, of which there are unfortunately far too many to mention.
Of course, life in the Bitcoin world has been far from perfect. We saw the margin trading service Bitcoinica come crashing down after a series of hacks, all in the tens of thousands of BTC in size, a Ponzi scheme grow to a size of $5 million at its peak before collapsing in August, and Bitcoin exchange Bitfloor lose $250,000 to another thief in September.
However, after these events, the Bitcoin community has begun to take security much more seriously and, among other security upgrades, policies of keeping at least 85% of customers’ assets in offline cold storage have become an industry standard for Bitcoin exchanges. Scams too have become much more difficult to pull off. Learn more about SKYBLOCK GUIDE