25 Feb '14, 7pm

#TeamFollowBack Mt. Gox’s Demise Marks The End of Bitcoin’s First Wave Of Entrepreneurs

When I started looking into the Bitcoin startup ecosystem in early 2013, there was something that was just off about half of the founders I met. “I consider myself psychologically unemployable,” BitInstant CEO Charlie Shrem told me in a phone interview last year. He described how he built BitInstant with an autistic Welsh hacker named Gareth Nelson whom he had never met in real-life. The call was full of bizarre clicking noises. Shrem kept getting distracted and he exuded a certain paranoia. “You can’t trust anyone. Sometimes, you can’t trust your own team,” he told me. Then when I met Mt. Gox’s team in Tokyo back in November, Mark Karpeles and Gonzague Gay-Bouchery talked to me through their lawyer. Once the world’s leading exchange, they were being challenged by BTC China and Europe’s Bitstamp in volumes and were grappling with lawsuits against CoinLab and a U.S. governm...

Full article: http://techcrunch.com/2014/02/25/mt-gox-demise/?ncid=rss

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