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Author Topic: [2014-03-03] The Inside Story of Mt. Gox, Bitcoin’s $460 Million Disaster  (Read 1243 times)
kaysersoze
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March 04, 2014, 08:42:16 AM
Last edit: March 04, 2014, 09:53:06 AM by malevolent
 #1

 http://www.wired.com/wiredenterprise/2014/03/bitcoin-exchange/all/1

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March 05, 2014, 05:18:16 AM
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A part of me feels sorry for Mark Karpeles.  However, his level of incompetence is criminal.  How someone could be controlling that amount of money and not have adequate safeguards defies belief.  I think of the many trusting individuals who lost fortunes, and it really saddens me.  The fundamental problem with Mt. gox was, IMO, that they didn't deserve to be the exchange that they were. Bitcoin fell in their lap, and they rested on their laurels while they made millions of dollars. 
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March 05, 2014, 09:31:17 AM
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After these insider's words about Mark (“Mark liked the idea of being CEO, but the day-to-day reality bored him,” and  “He always talks about how he’s a member of Mensa and has an above-average IQ.”) there is no surprise why they've been attacked and become a bankrupt! He was incompetent and that was their main problem! 
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March 05, 2014, 09:47:22 AM
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So the inside story devoid of any new information...

Psst!!  Wanna make bitcoin unstoppable? Why the Only Real Way to Buy Bitcoins Is on the Streets. Avoid banks and centralized exchanges.   Buy/Sell coins locally.  Meet other bitcoiners and develop your network.   Try localbitcoins.com or find or start a buttonwood / satoshi square in your area.  Pass it on!
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March 05, 2014, 09:07:11 PM
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Hey at least they are getting clicks, thats all that matters these days. Content is like sooooo 2005 man.

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