The Switch: Bitcoin's largest exchange is dying. Here's why that's not a problem for Bitcoin.

The Japanese exchange Mt. Gox has long been one of the Bitcoin community's most prominent institutions. It has also been one of its biggest PR headaches. In 2011, the value of a bitcoin soared from less than $1 to more than $32. Much of this trading occurred on Mt. Gox, which found itself unable to keep up with the demand. The servers began to freeze up, helping to trigger a collapse in the currency's value. By November, one bitcoin was worth just $2. A similar scenario played out in 2013. As th...