Mt. Gox finds 200,000 BTC in their old wallet (Japanese)

The level of incompetence and lack of basic structure and organization at these bitcoin "banks" is just shocking.

The biggest hurdle to bitcoin will be finding real brick and mortar "banks" that can reassure people that they understand security beyond trivial platitudes.

Few were comfortable with retail banking until Deposit Insurance was created.

Bitcoin will need a similar thing. Except nobody can provide insurance to companies built in a couple months by one geek on php.

Banks pay out interest on deposits and lend money. Mtgox was an exchange, not a bank.

Little more dramatic than finding a $20 in an old pair of jeans...

Anyone could translate it please?