> Many modern reliable systems grew out of shaky or illicit foundations.
Arguably, those systems became reliable because of the adoption of standards of practice, insurance and regulation. Even the mafia has rules (and a means of enforcing them.)
Mt Gox is not the foundation of bitcoin. Bear-Stearns and Lehman Brothers are not the foundation of the dollar. Yet some bitcoiners seem quite happy to ignore the former, while insisting upon the inevitability of the latter. If the crime and corruption of regulated systems are a valid argument for cryptocurrencies, then surely Mt Gox is a valid argument against them.
The question is, will the situation change? It might. Many modern reliable systems grew out of shaky or illicit foundations.
But that's little solace in the meantime.