I dont think Craptsy could be new MtGox. At time ppl were "goxed", MtGox had huge market share (i think allmost 70%) so that shit cant happen again. Craptsy will most possibly turn to scam but not nearly that big, they are almost irrelevant.
Sorry for the bump, I was trying to find the long list of failed sites and schemes, scams even. But anyway I remember the run up to mt gox and it was very well telegraphed that something not quite right was occuring. There was a big price disparity to the rest of the free markets and many speculated how this could continue if everything were healthy as normal market arbitrage reduces very great price differences and of course we found out the reason. I did not quite understand what was happening or why mtgox was so iffy in its usage, I opted to stay with really easy to use sites.
Just my perspective from back then, anyhow the cryptsy tale has unfolded now, Im not aware of anything similar elsewhere but I did want to find the long list of sites going into the hundreds if anyone knows the one I mean as I received a recent list of failed coins and blockchains to contribute
MtGox had huge market share (i think allmost 70%) so that shit cant happen again
BTC does continue to have overly centralised production/storage, I think its a problem every time even before any stoppage/failure
I type this specifically about the last part, people centralise their Bitcoin willingly, no-one is forcing them to do anything. It all comes down to how willing people are to allow their assets to be centralised for the sake of convenience.