Simple - because YC, a16z, USV, SV Angel, etc all have skin in the game.[0] There are some serious people with some serious money who have reputations to uphold

Simple - because YC, a16z, USV, SV Angel, etc all have skin in the game.[0] There are some serious people with some serious money who have reputations to uphold. AFAIK Mt. Gox had none of that. [0]http://www.crunchbase.com/company/coinbase http://www.crunchbase.com/company/coinbase