On Mt Gox

The Mt. Gox failure marks the end of bitcoin’s youth. New bitcoin companies are stepping up with institutional grade consumer protection, services, and government compliance – companies like @Blockchain @Coinbase @Bitstamp and @Robocoin. Bitcoin is robust and resilient. The protocol and fundamentals remain unchanged. Its businessmen and engineers are building tools to give consumers confidence that Bitcoin security, accessibility and storage are trustworthy. It’s a shame that many people lost money, but when underperforming businesses are replaced by innovative ones, the economy grows stronger. It’s a good day as bitcoin continues to grow up – a few blemishes along the way are natural and healthy. We expect bitcoin to grow even faster in the days ahead.

– Jordan

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