Re: How to fix the exchanges - a professional view.

3. Create a minimum trading size, the tiny bot trades of $1 are swamping the system and add nothing.

This would definitely be a good start...

Good points, but the ultimate solution is a decentralized exchange period.

Trying to build on the wrong foundation is simply building a robust house on sand. It's only a matter of time before its central point of attack is overwhelemend.

...decentralization is the only solution.

I don't understand the obsession with decentralization. It might be useful but there are many successful financial exchanges that are centralized.

Well they're none in the UK any more when we used to have access to both Intersango and MtGox Barclay's. Both were forced to shut for banking reasons. Buying bitcoins in the UK is both expensive and difficult for smaller transactions or new buyers.