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I found this theory- that there was a large theft from Mtgox and then a cover-up felt more in line with the behaviour of MtGox.

https://bitcointalk.org/index.php?topic=497289.0

Of course that's just my gut reaction to human nature, but MtGox has looked more like panicked people who tucked up and were trying to double down than reacting to the shock of robbery. In particular the delusional documents that surfaced after the collapse look like the product of someone whose been riding the tiger not the resplane to a recent catastrophe.




Indeed. Hence my main point on HN for the last week: for a system that presumably requires no trust and has fully public transactions, BitCoin is surprisingly rife with spectacular heists, misinformations and contradictory speculations.

It is not ready for primetime at a structural level. Advocates need to stop trying to convince those who are already converts, and address problems and fears of non-participants.




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