[2014-03-03] The Inside Story of Mt. Gox, Bitcoin’s $460 Million Disaster

[kaysersoze]

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

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[htspringer]

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. 

[havanabob]

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! 

[btc4ever]

So the inside story devoid of any new information...

[cdog]

Hey at least they are getting clicks, thats all that matters these days. Content is like sooooo 2005 man.