Mt Gox
From CryptoWiki
Basics
- Started in 10-2012
- First big Bitcoin exchange. Had a big hack which ended the first real Bitcoin Bullrun. The exchange was abruptly taken offline on February 25th, 2014.
- 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 70% of the Bitcoin market and absolutely no controls upon which users could place their trust."
Team
- McCaleb, Jed; founder
- Karpeles, Mark; bought it from Jed McCaleb
- Powell, Jesse; helped out with Roger Ver during a crash. Now has oversight of Mt Gox claims of lost bitcoins.
