Bitcoin Exchange

Unable or unwilling to make payments, Mt. Gox seems to have run out of options and shut down operations tuesday.  The whereabouts of Mark Karples the ceo is unknown. Once the largest bitcoin exchange in the world, Mt. Gox was at the center of a bitcoin universe brimming with opportunity. As a leader in the bitcoin community Mt. Gox was set to help shepherd the historic rise of digital money. Instead, it's failure will become a case study in blow ups. Unfortunately, the explosive growth in bitcoin seems to have out-stripped Gox's abilities and left them in over their heads. Prior to getting into the bitcoin exchange business Mt. Gox originally was a Magic: "The Gathering" playing cards trading platform. Well, at least it wasn't a fantasy football or bowling league. Had management been more honest with itself and it's customers, there may have been an opportunity to bring in the expertise needed to avoid the current fiasco. Although other bitcoin exchanges and businesses have tried to distance themselves from the fallout, it's hard to see how that's possible. Will these dark days for bitcoin spell the end for digital currency? As Mt. Gox erupts and sinks into the sea a new island of bitcoin exchange maybe about to rise up. Second market has announced it's intention to have a U.S. based bitcoin exchange up and running by the summer of 2014.