The problem isn't specifically Mt.Gox,
No, the problem is specifically MtGox. To understand this better:
- they are technologically inept. Trade engine melded into the webserver, seriously? In 2013? Seriously? After
MPEx released enough information about how to correctly design an exchange? They should have known better.
- they are untrustworthy. Here's a link to Karpeles straight out lying to me. This isn't the first time. They "
are a victim of their own success"? Do you know where we've heard this before? Does Tom of bASIC ring any bells? He also was a "victim of his own success", ie, his incredible success at getting fools to part with their money and his incredible failure at delivering any sort of product or service.
- they have a charged history. To this day they are "the one thing that nearly killed bitcoin", they are "the idiots that leaked everyone's emails". They are
a laughingstock.
There's no further room in Bitcoin for MtGox. Let them go back to trading cards.