Post
Topic
Board Service Discussion
Re: Someone Buy Out MTGOX Please!
by
usscfounder
on 21/06/2013, 23:28:52 UTC
The company's incompetence is staggering...

It's always easier to criticize than do. Where is your track record for being a huge pillar of support in the billion dollar Bitcoin ecosystem with your competence, dealing with unending security worries, local govt pressure, foreign govt pressure, user pressure, scams, lawsuits, user incompetence, user complaints, system upgrades, technical problems, competition, employee problems, normal problems, partner/bank problems and who knows what else?

In case you didn't know, its called business.

I have worked on Wall Street. I have also worked for companies like PriceWaterHouse and Thompson.

I will admit that most companies have a growth path that takes time. MTGOX has grown substantially and has probably bitten off more than they could chew.

If you cant handle the heat get out of the kitchen.  

MTGOX needs to be run by a more professional, more experienced company that can handle those types of pressures.  



why would they sell the company to a bunch new people?
theyr making money
no matter how bad their tech or service like you said
they still got most customers
you can switch exchange if you like?


Let's get real here for all of you that keep saying switch to another exchange.  Quit pretending that you don't know that MTGOX handles over 80% of all Bitcoin trades, OK?

If there was another exchange for people to switch to I am sure that they would.

Don't say BTC-e either.  BTC-e is a nice site but they have some issues. There is a reason why MTGOX has such a large market share. There is no one who can come close to competing with them.

As good as they are, that does not excuse the incompetence on their part.

Do like what most technology startups do and SELL.