from the when-things-go-wrong dept.
jfruh writes "What went wrong to produce the spectacular implosion of bitcoin repository Mt. Gox? Well, according to some preliminary investigation from the IDG News Service, pretty much everything. There was a lack of management oversight and 'culture,' the code running the site was a mess, and the CEO seemed more concerned about his plans for a 'Bitcoin cafe' than he was about his Japanese bank closing the company's account."
The most difficult thing in the world is to know how to do a thing and to
watch someone else doing it wrong, without commenting.
-- T.H. White