from the when-things-go-wrong dept.
jfruh writes "What went wrong to produce the spectacular implosion of bitcoin repository Mt. Gox? Well, according to some preliminary investigation from the IDG News Service, pretty much everything. There was a lack of management oversight and 'culture,' the code running the site was a mess, and the CEO seemed more concerned about his plans for a 'Bitcoin cafe' than he was about his Japanese bank closing the company's account."
... when fits of creativity run strong, more than one programmer or writer
has been known to abandon the desktop for the more spacious floor.
-- Fred Brooks