Submission + - MtGox Collapse should come as no suprise (thedrinkingrecord.com)
MrBingoBoingo writes: The recent closure of the famous Bitcoin exchange MtGox has grabbed a lot of media attention lately, but people involved heavily in bitcoin have been raising alarms about business practices at MtGox for quite some time now. With the MtGox failure being Bitcoin's biggest since the collapse of the ponzi run by Trendon Shavers, also known as Pirateat40, it might be time to revisit the idea of counterparty risk in the world of irreversible cryptocurrency.
