i'm sure many of you have heard of the Heartbleed bug by now. i hope no one has suffered any losses, as there was a lot of black hat activity in the early hours after the announcement.

in reaction to the news, many bitcoin-related services closed or otherwise restricted user activity and exchange volume has visibly suffered. this may have a limited effect on the projections in this week's issue, and we may see consolidation in the $465-$440 range for most of this week, scenario b. it is unclear whether or not the sluggish price action today is a direct result of the community's reaction to the bug, or is a natural result of a market in further consolidation. in the case of the latter, i would now rate scenario b as equally likely as scenario a.

further updates to come.

--arepo