View source for Mt Gox

== Basics ==

* Started in 10-2012
* First big [[Bitcoin (BTC)|Bitcoin]] exchange. Had a [https://en.wikipedia.org/wiki/Mt._Gox big hack] which ended the first real Bitcoin [[Bull Market|Bullrun]]. The exchange was [https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-213?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo4OTU3MDAsIl8iOiIwb3pkOCIsImlhdCI6MTU5ODM3MjQyNCwiZXhwIjoxNTk4Mzc2MDI0LCJpc3MiOiJwdWItNjI2OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.Y8r-Kxfcj-1iP1iAb-tb5xlOAOOQL7LgSLS5bM3M6hc abruptly taken offline] on February 25th, 2014.

*[https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-213?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo4OTU3MDAsIl8iOiIwb3pkOCIsImlhdCI6MTU5ODM3MjQyNCwiZXhwIjoxNTk4Mzc2MDI0LCJpc3MiOiJwdWItNjI2OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.Y8r-Kxfcj-1iP1iAb-tb5xlOAOOQL7LgSLS5bM3M6hc From] [[Coin Metrics]] (25-8-2020):

"''In the early days of crypto [[centralized exchanges]] began to emerge, horrifying the hardcore [[decentralization]]-focused [[cypherpunks]]. Trust is a luxury of optionality and there was almost no competition for any given job-to-be-done. These conditions allowed MtGox to simultaneously have [https://www.investopedia.com/terms/m/mt-gox.asp#:~:text=It%20was%20responsible%20for%20more,subject%20of%20lawsuits%20and%20speculation. 70% of the Bitcoin market] and absolutely no controls upon which users could place their trust."''

== Team ==

*[[Jed McCaleb|McCaleb, Jed]]; founder
*[[Mark Karpeles|Karpeles, Mark]]; bought it from Jed McCaleb
*[[Jesse Powell|Powell, Jesse]]; helped out with [[Roger Ver]] during a crash. Now has oversight of Mt Gox claims of lost bitcoins.

[[Category:People]]
[[Category:Exchange]]