Quote from: MarketAnarchist on June 20, 2011, 08:52:13 PM

Volatility is an integral part of the price discovery process. Repressing volatility does not fix the underlying cause of the volatility.

If one or some exchanges decide to introduce circuit breakers, there no doubt would be other exchanges that would market themselves as insitutions that do not use them.

Let the weak players get pushed out. The system will be stronger in the long run.

it not whats it about.
its about the teory that when mtgox gets hacked there will be a huge selloff of non exsistence bitcoins.
by deteching thes hugh selloffs, you can shutdown the market, for a short period of time, to check if the servers got hacked.
it is only protection, we are not trying to kill the free market.

ahacked hugh selloff can not happen outside of the exchanges. say i would be on bitcoins on the forum, you can not make alot of real bitcoins, but on the markets you can make alot of 'virtual' bitcoins. and then sell them.