Post
Topic
Board Trading Discussion
Re: MtGox is bitcoins weakest link!!!!!!
by
mobile4ever
on 07/03/2013, 16:42:43 UTC

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!


How about NO fees? I had no idea that Mt Gox charged .6 percent. Even Paypal charges less, if I remember right.

Edit: I was wrong:

https://www.paypal.com/webapps/mpp/paypal-fees

Paypal charges 2.9 percent and a .30 cent transaction fee.

But, its time to start flocking...

Here is the plan:

https://bitcointalk.org/index.php?topic=145389.0

It does not start out with math, but faith.