Bitcoin critics say Mt. Gox's apparent failure proves the unregulated currency is far from ready for widespread use. They also point to hacking attacks at other exchanges.
But proponents say it's early days for virtual currencies and note that newer bitcoin exchanges and other startups aiming to make bitcoin mainstream are supervised by seasoned venture capitalists and financial experts.
Many bitcoin advocates still hold out the hope of creating a digital currency system free of government intervention or control.
SMA Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
