Ok, I found out the issue that was affecting me.

It wasn't prefs.js, it was a corrupted certificate database.

I simply removed ~/.mozilla/firefox/whatever.default/cert8.db and my issue was 
solved.
That being said, the issue at hand in this bug report might be different.

I just thought I'd share in case it helps someone.

Cheers.

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Firefox hangs and has becoming very slow. It also crashes Firefox has become 
virtually unuasble
https://bugs.launchpad.net/bugs/668867
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