https://www.mtgox.com/press_release_20140207.html
MtGox is not BitCoin, the system could survive technically without them. But if the integrity of MtGox was to come under serious doubt it would be the end of BitCoin in all forms. The bubble would pop and the value of BTC drop to a few cents. Of course nobody would imagine that a group of people preaching the value of self-interest would be anything other than completely honest. This whole event might well turn out to be an object lesson in why government regulation is actually a good thing in a payment system.
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