In the annals of cryptocurrency history, two major incidents stand out: the Mt. Gox debacle and the Ethereum DAO hack. Founded by Jed McCaleb in 2006, Mt. Gox, which began as a platform for trading Magic: The Gathering cards, evolved into the dominant Bitcoin exchange, handling 70% of all Bitcoin transactions. However, 2014 saw its downfall when a massive hack led to the loss of 850,000 Bitcoins, equivalent to $450 million then. The Bitcoin community faced a crossroads: intervene or let the ledger stand. Unlike other communities, Bitcoin chose the latter, upholding the sanctity and immutability of its ledger, even in the face of such a significant crisis.

On the other hand, when the Ethereum DAO was exploited in 2016, draining a third of its funds, the Ethereum community opted for intervention. A consensus was reached to execute a hard fork, reversing the malicious transactions and restoring the stolen Ether.

These contrasting responses underscore a fundamental difference in philosophy. Bitcoin's unwavering commitment to its ledger's integrity, even at the cost of short-term pain, showcases its soundness and resilience. In a world where ledgers can be altered, Bitcoin stands as a beacon of immutability and trust.

Wait what happened. I want to know more. 

Really great answer - that must have been a truly monumental time.

All power to those who answered the call and rallied around.

Bitman

Mt. Gox
The fact they didn't reverse the chain (like ethereum did during their dao hack) and people believed in bitcoin enough to keep going was a rallying moment and in the spirit of Bitcoin. Folks have it easy now.

bitcoin

Other than early price and mining, what did later bitcoiners miss out on?

Mt. Gox
The fact they didn't reverse the chain (like ethereum did during their dao hack) and people believed in bitcoin enough to keep going was a rallying moment and in the spirit of Bitcoin. Folks have it easy now. 