Another great post, man. Only thing I would point out, is that Mt Gox was short hundreds of thousands of Bitcoins when Mark Karpeles bought it from Jed McCaleb. It had been running as a fractional reserve for some time. When price spiked, Karpeles had no chance of recouping those coins. On the other hand, he shouldn't have been a dumbass and bought the exchange without verifying the coins were where they were supposed to be. We all got Goxxed. lol
Another great post, man. Only thing I would point out, is that Mt Gox was short hundreds of thousands of Bitcoins when Mark Karpeles bought it from Jed McCaleb. It had been running as a fractional reserve for some time. When price spiked, Karpeles had no chance of recouping those coins. On the other hand, he shouldn't have been a dumbass and bought the exchange without verifying the coins were where they were supposed to be. We all got Goxxed. lol
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Have you heard of ConcourseQ?