Post
Topic
Board Bitcoin Discussion
Re: Mt.Gox and the influence on the market
by
cypherdoc
on 04/06/2011, 23:09:54 UTC

He just stated a fact that's all, and he is right. MagicTux(and his staff if he has one) is the only person with eyes on everything. Even the dark pool orders can't see other people's dark orders

Indeed, which is kind of the point of my OP, to have a public debate on this. If one would be far fetched, it could be claimed that by setting darkpool size, Tux can directly influence the price of the publicly traded BTC, much like a Central Bank can use prime rate/federal funds rate to adjust the market indirectly.

Wow, just wow... You read what I posted, right?

Why would one person ruin all their work by trashing the reputation of their exchange? Its self-defeating and makes no logical sense. Unless you actually have something to back this up with, you're just defaming someone on a 'hunch'. This doesn't seem wrong to you?


Dude, this isn't about "why would he", its about should the system put him in the position to do so.  and no, the market has not decided that he can do this.  he unilaterally has done this and yes over time the market will decide whether it was a good decision by having other exchanges arise that might not allow this.