I really hope none of you gets his news from me, because I don’t hit on a lot of things. In case you haven’t heard, Mt. Gox–what was the world’s leading Bitcoin exchange–has folded, leaving millions of depositors unsure if they will see any of their Bitcoin again. Jesse Powell is an insider who wrote a heartfelt reaction to the development (watch out, some profanity).
On the other hand, whoever created this meme has decided to take a lighter approach:
I will outsource explanation of the joke to the comments. Let me say that I personally had no idea what “Mt. Gox” stood for, until today. I am still agnostic on the future of Bitcoin, but now knowing what “Mt. Gox” stood for, it makes me sympathize more with the old guard who have been skeptical all along.
NOTE: I am going to the Bitcoin conference in Texas next week. Part of the reason for that trip is so I can really immerse myself in the world of the Bitcoin experts, before taking a stab at guessing whether Bitcoin (and cryptocurrencies more generally) really are the wave of the future, as the proponents claim. They really do offer a beautiful vision, but something like Bitcoin only realizes its potential if lots of people embrace it for “non-ideological” reasons. A catastrophe like Mt. Gox certainly doesn’t help in that respect.