The experts on reddit’s Bitcoin sub say the Mt.Gox was a kludge just waiting to crash. It was originally not designed to be an exchange, trading “real money,” like dollars and yen, for Bitcoin. It was poorly run, if the events of the last three months are any indication. Withdrawals were slow, then finally stopped altogether. It’s not Bitcoin to blame, but the site’s operators, who apparently didn’t know WTF they were doing.

Meanwhile, Bitcoin prices elsewhere are hovering around $500, and trading is still pretty active. Ya gotta have faith, baby! Or something.