Mt. Gox, official systems and a parallel CEO profile

There are some hilarious quotes and secions in this story in Wired, about Mt. Gox and its fall. Simply hilarious, even though there is a serious side to it.

The 28-year-old Karpeles was born in France, but after spending some time in Israel, he settled down in Japan. There he got married, posted cat videos and became a father. In 2011, he acquired the Mt. Gox exchange in from an American entrepreneur named Jed McCaleb.

But soon, McCaleb was getting wires for tens of thousands of dollars and, realizing he was in over his head, he sold the site to Karpeles, an avid programmer, foodie, and bitcoin enthusiast who called himself Magicaltux in online forums.

That’s exactly what I would do with a burgeoning financial empire, sell it to a cat-vid-poster.

No, but seriously. As with everything that has a future affect – before it comes, it comes in numerous versions. This (sort of thing) might do something with how we view the more traditional structures and systems. More positively. Or it might not. Regardless, It has shown that official systems aren’t nessesarily a rule.