Re: [tlug] [OT] Mt.Gox Debacle. Please Comment.

[Simon Cozens <simon@example.com>]

On 26/02/2014 13:08, Brian LaVallee wrote:
> I think Mt.Gox (and possibly other exchanges) have made a simple and fundamental mistake.
> I do think that Mt.Gox did a decent job throughout the world.

It you're a financial services company making simple and fundamental mistakes 
with potentially $500m of other people's money - and then disappearing - it's 
difficult to see how that counts as "doing a decent job."

> They established a number of international payment points.  But they also
> faced some (ongoing) regulatory challenges, and money laundering accusations.

I thought the whole reason why people rave about Bitcoin is that it can be 
used for money laundering. Sorry, I mean "borderless, untraceable  transactions."