“The first thing to point out about the meltdown of the Mt. Gox Bitcoin exchange is that this is hardly the first time that massive amounts of currency have been stolen, or that a financial firm has shut down and left its depositors with basically nothing. This is not somehow unique to Bitcoin, or a fatal flaw in its design.
The second thing to point out about the meltdown of the Mt. Gox Bitcoin exchange is that no matter how much cheerleaders continue to insist that it doesn’t matter, it does. It matters a lot.”
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