Post
Topic
Board Trading Discussion
Re: decentralized Bitcoin are highly centralized to mtgox!11
by
bitcoinex
on 01/05/2011, 01:46:31 UTC
We need more local exchanges in every country, because bank transfer is almost free if you send in the same currency.

I tried to convey that message to the community.

But people are much more interesting to play a game of chance, using bitcoins not as money but as chips at the casino, which are purchased by the LR

I like how this DDoS comes right in time to prove your point~

Yes, I really do not like mtgox. (But you're a new owner - you have a chance to change it)

mtgox really builds a pyramid!

I put a lot of effort is to make a good exchanger and another starts to actually paint rate and turn it all into the game.

The day before yesterday I was owed 100 BTC = $160 but today it $320 and it is too much for me. And it continues to grow simply because everyone is looking for people who cabal draw their own exchange rate on mtgox.

Perhaps that centralization is a basic property of commerce and then bitcoin are doomed. Instead of the central bank to manage the rates will mtgox.

mtgox took on greater responsibility and must stop trades when the exchange rate changes dramatically. Just because some people sometimes sleep, for example.

mtgox must do so at least 4 times for past half year. I and my friends who enjoyed bitcoin very badly affected.

I welcome this attack or slashdot! It is 'assassination politics' where the victim is the monopolistic exchange site, not human.

(we're a little familiar - there is no personal animosity)

huh, now I relax and feel good.

Well, as long as someone somewhere wants to buy bitcoins, the price will increase, would it be on mtgox or anywhere else. People who mine bitcoin want to sell at the best price, and if there is enough demand, would it be on mtgox or anywhere else, the price will increase anyway.

On the contrary, unavailability of mtgox may make bitcoins harder to obtain, and cause an extra increase of the bitcoin value...

You're an idealist.

Real exchanges (from wallstreets) halt trading when the rate jumps dramatically. This is because exchange is a most good way of purchase of goods which are sold. (As I know, this technique has worked for centuries.)