Post
Topic
Board Trading Discussion
Re: MtGox is bitcoins weakest link!!!!!!
by
DobZombie
on 07/03/2013, 16:39:06 UTC
Bitcoin works great because it is decentralised.

80% of bitcoin trade happens at Mtgox which is centralised.

WE NEED A DECENTRALISED EXCHANGE SYSTEM NOW!!!!!


You want to decentralise where bitcoin is traded?  It's dead simple.

Create your own exchange that has buy/sell fees of less than 0.25%.  Mt gox starts at 0.6% and slowly goes down with bigger trading volume (for the average 50 BTC day trader it goes down to about 0.4%)

If day traders were aware of an exchange that charges less than MT GOX, many would flock!