What a piece of shit Mt Gox is. I really hope this guy goes to jail. In my life i have seen such an imcompetence. How many millions have been lost due to this guy inability to run this company.
He got the best Magic the Gathering cards, he just found one day that he was running a billion dollar company (or exchange to a billion dollar market). So instead of playing with mages and trolls cards he just started to play businessman being absolutely horrible at it and making thousands of savers lose their hard earned money.
Why don't you open an exchange?
Let's see if you can do better.
To date,
no one has done better.
Lots have done better.
That's like saying, go make your own Facebook. Well FB has 400 million members, even if your site is better that doesn't mean you'll overtake a monopoly. By most definitions MtGox did/does have a monopoly. When liquidity matters, it's hard to overcome that starting out.
Over time better exchanges will come, and MtGox will lose it's market share. It's an awful POS trade engine, limited features, poorly run, unreliable and insecure.