Quote from: allten on September 11, 2011, 11:28:58 PM

Quote from: cypherdoc on September 11, 2011, 11:22:43 PM

Quote from: allten on September 11, 2011, 11:17:00 PM

Quote from: geek-trader on September 11, 2011, 10:31:27 PM

I don't understand the reasoning behind this. Why would I do this?

MtGox has been great for Bitcoin. Why would I punish them by using other exchanges?

In my opinion, this is a stupid stunt. Unless, of course, you work for another exchange and are trying to screw your main competition. Then it's an evil stunt.

If you think it is stupid, then please do not participate.
No, I do not work for another exchange. I just want honest markets.
We shouldn't just assume they are honest, but test them from time to time (Hold them accountable).
If I was mtGox, I would fully embrace and encourage this audit and be glad it was happening.
Sure, they would loose some short-term revenue, but the long term effect would ensure that they remain #1.

if you truly were just concerned about transparency and open markets instead of trying to inflict harm on the main btc exchange, you would lobby Mark to undergo an audit thru more traditional means such as mobilizing a petition or contacting him directly to move in a more constructive direction.

by recommending a full on bank run withdrawal you betray your true motivation which is to try and harm mtgox irreparably and to try and harm the btc community.

I don't want to harm MtGox or BitCoin; however, there is not even a public policy on Marc's website about fractional reserve banking and methods of ensuring that through audits to the public. This is an opportunity for Marc! I hope he embraces it and finds me as a friend not an enemy.

well then if you're sincere, you would go about this an entirely different way. your methods betray your motives.