Topic: Do you think Bitcoinica should switch to TradeHill? [Edited] - page 4. (Read 7068 times)

If you could do arbitrage between all, or at least many, of the exchanges, mightn't that increase liquidity on every exchange? What are the downsides, apart from it being potentially difficult to get done?

I hate bitcoinica for using mtgox, but I love bitcoinica because of Zhou, and his professionalism.

Who would you rather support people ?

I love that you listen and act Zhou.. dont stop.

Is it possible to just use the resources of both?  You could even pocket some arbitrage profit.

I think it's time to have another poll about a potential change. Honestly we're still exploring options, but we definitely want your opinions!

It's important to note that we are not going to have a formal agreement with any exchange. We will just be their client, until they shut us down (which is unlikely to happen.)

Now it's your time to vote. You have two votes. Please consider the following points when you make decisions:

- Market depth
- Trading fees
- Possibility of wide public adoption (if we plan to abandon Mt. Gox)
- Deposits and withdrawals (and withdrawal limits)
- Public reputation and trustworthiness.

Some facts to note:

- Bitcoinica is the largest Bitcoin trading platform if we exclude the hedging volume from Mt. Gox.
- Bitcoinica's hedging volume can be as high as 200,000 BTC in 24 hours.
- Currently Mt. Gox is the most "official" exchange.

EDIT:

A lot of people have chosen "Bitcoinica Independent Exchange" (it will be renamed to something different), I will simply share my ideas for this:

- Insanely low fees, like 0.1%. (Because we have no profit pressure.)
- Websocket API
- BitInstant support
- TCP-based API
- Rackspace Cloud Co-location (1ms to our server)
- Redis-based trading engine (thousands of orders per second)
- Full access to Bitcoinica's limit order liquidity
- Fully independent (You don't have to use Bitcoinica to use the exchange.)