Topic: How does everyone feel now that mtgox is back up? - page 2. (Read 1950 times)

My -already low- confidence in hosted solutions in general has recieved another dent. After all the Lulz from LulzSec, the breakins in- and fskups of services like dropbox, this was the final one.
I know, mt.Gox is nothing compared to large corporation and professional startups. But it proves my personal experience (I am a webdeveloper) that the average online project is simply broken, buggy and poor in security. One would expect such startups to have a proper security model, including cirquit-breakers, fallbacks and secondline defences in place. Apparantly not. Or not enough.

As such,  I will put more effort in the various projects out there that redistribute the web: decentralisation is the only proper solution for all the failing central points.

Mt.Gox is a central hub in a decentralized system. Making nearly the entire bitcoin economy dependent on one, single point of failure.

BitCoin is for me, one of the solutions, trough such decentralisation. Other -unrelated- are decentralisation of our messaging (twitter) and our social connections (facebook). We are rapidly centralising the entire internet. Which makes it unstable and vulnarable. Lets use BitCoin as a means to get a decentralised movement going and giving it even more momentum.

TL:DR: Mt.Gox was a single point of failure. We should have decentralised systems to avoid this dependency and instability.

Are you going back? Switched to Tradehill or other? Lost all faith in bitcoin?

I'm curious as I think this is an awesome time analogous to the wild wild west. I hope to see the success of bitcoin and I look forward to seeing some of the innovations that come out around it.