mtgox

Sure, you could elect to use multisignature wallets or cold storage, but that didn't stop MtGox from happening.

By the time they have hundreds of thousands of users, it's too late to prevent MtGox scenarios.

Others, like a Cypriot savings account a few years ago, or an account at MtGox for that matter, did not.

I feel like there's a great MtGox joke to be made here, but it's not coming to me.

I just wish I hadn't been fascinated by MtGox:P Or, well, considered it a convenient place to store my Bitcoins.

I'm under the impression that MtGox had some actual real life impact, how many important systems are twisted beasts like this.

See MtGox for an example of when that went horribly wrong.

Among the most notable of the tidbits I've seen: There was one bank account, shared by the CEO (personally) and MtGox itself.

MtGox was a bank that closed and never reopened.

I seem to recall that the price on MtGOX was lower than elsewhere.

MtGox's problem was insolvency, not fractional reserve.

I guess Mtgox originally sent passwords in the query string...

The rise to >$1000 was largely due to the "Willy" bot run by MtGox, not representing real demand.

MtGox operated as a fractional reserve for a while, and it failed due to two reasons: - Instead of investing the bitcoins to debtors they "lost" them.

* "Do you think Mark is guilty of actually manipulating data in a fraudulent manner, or merely negligence in operating MtGox?" -- Both.

* "Reuters reported that expensive toys were being purchased by MtGox/Mark.