That's very pessimistic ... especially if you mention ***holes like btc-e.com as an alternative.
There is a vacuum to be filled, it will be filled, and it will be a lot better than MtGox. Fast forward 12 months and we will have completely different (and competing) players. Until then, enjoy the bumpy ride
There is a vacuum to be filled, it will be filled, and it will be a lot better than MtGox. Fast forward 12 months and we will have completely different (and competing) players. Until then, enjoy the bumpy ride
Bitcoin follows natural evolution. Didn't you expect shakes and turbulence? No need to panic. Bitcoin will finds its way. It may be bumpy, yes, but there's no other way. Going to Wall Street and stuff like that is not realisitc, nor desired for Bitcoin.
On the other hand, MTGOX can easily fix several problems in the short run. For example, limit trading API, introduce captchas, impose some limits on the trades so that people don't put hell lotta 0.001 trades and so on. I am sure there are working on these items.
But there is a good side of all this. Increase of awareness, PR, lot of noise. This was the price to be paid for making Bitcoin more popular.