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An even bigger problem is the fact that we have lost trust in the Bitcoins, while the ones we shouldn’t be trusting are companies like Mt. Gox, lets not forget that Bitcoin’s concept and technology haven’t failed here, instead it was a Bitcoin exchange platforms which also happened to be the biggest one.
The cryptocurrency community should use this opportunity to look back and see how wrong we were doing this and how we should do them from now on. People that trusted in Mt.Gox were trusting essentially a central bank, the whole point of Bitcoins is that there is non.
The cryptocurrency community should use this opportunity to look back and see how wrong we were doing this and how we should do them from now on. People that trusted in Mt.Gox were trusting essentially a central bank, the whole point of Bitcoins is that there is non.
Source: http://www.amongtech.com/why-the-end-of-mt-gox-wont-be-the-end-of-bitcoins/
How do you think Mt. Gox shutdown has affected crypto-currencies in general? How can we prevent this exchange platform to do more damage to the virtual currency economy? Share what you think!