I agree that the Mt Gox failure was much worse than what's described here. But as a possible sign of things to come it gave me the same feeling this does. (The feeling that a lot of people are in way over their heads.)
To anyone who's been involved in normal financial markets, Mt Gox had pretty clearly gone belly up months before the Bitcoin community seemed to accept that seriously as a possibility.
I'm not saying Bitcoin dies. I'm saying possibly there are a lot of Bitcoin enthusiasts who have no idea how tough the 'safe' real world of regulated markets is. Let alone this kind of thing.
To anyone who's been involved in normal financial markets, Mt Gox had pretty clearly gone belly up months before the Bitcoin community seemed to accept that seriously as a possibility.
I'm not saying Bitcoin dies. I'm saying possibly there are a lot of Bitcoin enthusiasts who have no idea how tough the 'safe' real world of regulated markets is. Let alone this kind of thing.