Post
Topic
Board Bitcoin Discussion
Re: What to do when MTGOX gets shut down ? Are we ready for coincalypse ?
by
herzmeister
on 25/04/2012, 06:10:28 UTC
I think in this case the network effect has diminishing returns (so maybe not a network effect?).

Network effect because it is the largest exchange, and thus has a lot more bids close to the current market price. Ever tried to buy a larger bunch of coins at once at another exchange? The Ask price will rise up quickly. Not so at mtgox. But I agree this problem should diminish if/when Bitcoin has gained more traction.