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re: Mt. Gox 'throttles' trading to tame bitcoin price swings
Posted on 4/22/13 at 6:16 pm to WikiTiger
Posted on 4/22/13 at 6:16 pm to WikiTiger
quote:
So then don't use their services if you don't like the way they operate and/or don't trust them.
I don't and won't, just in case my views on bitcoin have been unclear up to this point
quote:
Aren't free markets awesome?
I truly believe they are, but when an exchange holds almost 80% of the current trade volume, and smaller exchanges are closing left and right, it's hardly a "free market" when the only other game in town is even more unproven and untrustworthy.
2
Posted on 4/22/13 at 6:22 pm to Vols&Shaft83
quote:
I truly believe they are, but when an exchange holds almost 80% of the current trade volume, and smaller exchanges are closing left and right, it's hardly a "free market" when the only other game in town is even more unproven and untrustworthy.
Posted on 4/22/13 at 6:25 pm to Vols&Shaft83
quote:
I truly believe they are, but when an exchange holds almost 80% of the current trade volume, and smaller exchanges are closing left and right, it's hardly a "free market" when the only other game in town is even more unproven and untrustworthy.
That 80% stat is from 2011. I don't think it's true anymore, however, I will grant you that MtGox probably does still maintain a majority of exchange volume.
That being said, you can take this to the bank: The next 2 years are going to see an explosion of bitcoin exchanges open up. And that's because the free market is responding to the shitty service that MtGox provides.
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