They're dropping like flies, gentlemen.
Obviously, anyone that put their money into scam exchanges knew what would happen. Not Bitcoin's fault.
It IS bitcoin's fault if the protocol attracts an endless stream of scams and fraudulent service operators. I do agree with you that anyone who would put their money into bitcoin at this point is a fool, since history has shown us that essentially every bitcoin exchange or service will fold after a few years (at best).
I disagree. Scammers existed before bitcoin existed and continues to exists. Merchants in US are losing aprox $190 billion a year to credit card fraud. Does that mean that anyone who uses a credit card is a fool?
http://www.forbes.com/fdc/welcome_mjx.shtmlTo say that every bitcoin exchange or service will fold after a few years is ridiculous. Coinbase just secured $75m in capital investment from the likes of the New York Stock Exchange. Bitcoin is being recognized and backed by heavy hitters. The pro's far out weigh the cons. Just like anything that operates online, there is always going to be security concerns - it's a part of life.