Simplified MtGox Breakdown

Simplified Breakdown of MtGox
 
Many people have been asking me recently on what I think about the recent developments in Bitcoin, especially the MtGox issue, so I figured I would write this to share my knowledge and my opinion.
 
There is abundant sensationalist information online about the stability of Bitcoin in light of recent events.  First and foremost Mt.Gox is a historic landmark for Bitcoin.  Before we had many competing exchanges such as Bitstamp, BTC-e, BTCChina, MtGox was the authority on pricing and exchanging Bitcoin.  At this point in history, MtGox was very successful in stabilizing Bitcoin’s price and making Bitcoin trading publicly accessible around the world.
 
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