Quote from: cablestudios on June 20, 2011, 03:50:50 AM

Bitcoin is secure.. the miners, the client. The node based system that it is.

Maybe a sister Node based exchange?

I'm not sure. I don't know if this is a scalability problem that will become chronic or if we just have a temporary problem to overcome.

There really shouldn't be any particular exchange that should have this kind of power to completely degrade the value of the currency. This seems like a really critical point of failure. It may be simply because there are only so many resources available, as far as volunteers and entrepreneurs who are available to deploy labor and capital, and thus temporary. I fear there is a small potential for this to become an ongoing problem, as I suspect the natural state of the market may eventually prefer only a handful of exchanges.

Maybe we need to adapt to this threat and build something into the system so there are no too big to fail nodes in this network?