When Mt. Gox fell on it's face it was not a surprise to everyone. We are talking about a site that was set up to trade magic the gathering cards, hence the name. When bitcoin exploded they found themselves trying to protect millions in assets. Something beyond their capability. It was not pressure from a government or a big bank. It was wild speculation, sometimes with bots, combined with low security. It was just a matter of time.
Of course this has nothing to so with bitcoin. If your bank were robbed you would not blame the money that was taken.
Of course this has nothing to so with bitcoin. If your bank were robbed you would not blame the money that was taken.
Exactly!!! Thank you!! I hate when you read on these huge websites or you hear from idiots on the street that the bitcoin bank got hacked. You know that's an oxymoron right moron!? Bitcoins don't need banks. Be your own bank. If an EXCHANGE is hacked, that's like a money exchanger getting hacked or robbed. It's not the currency's issue.
