“Many Bitcoin backers insisted there was a silver lining to the collapse. Bad firms like Mt. Gox would be weeded out and replaced by trustworthy ones that would make bitcoin more credible and secure, they argued.”
Exactly. Since everyone knows that Mt. Gox was the only bad player and now that it as been weeded out, all things bitcoin will now be hunky-dory for all of the rest of eternity.
“Many Bitcoin backers insisted there was a silver lining to the collapse. Bad firms like Mt. Gox would be weeded out and replaced by trustworthy ones that would make bitcoin more credible and secure, they argued.”
That sounds like the typical Libertarian/Austrian crowd. The same people who were crowing a few weeks ago about what a success Bitcoin was.