Hi all,
Given the increasingly worrying news coming out of MTGox, it is time to start worrying about what will happen to the exchange rate, market confidence, and the Bitcoin image generally if Gox does implode, and take everyone's deposits with them.
My first worry is that to the outside world, Gox is the only exchange that matters. Every publication uses the Gox price when they are talking about Bitcoin, and it's the only exchange that I've really seen talked about in the media. If nothing else, its collapse will be media worthy.
Given the increasingly worrying news coming out of MTGox, it is time to start worrying about what will happen to the exchange rate, market confidence, and the Bitcoin image generally if Gox does implode, and take everyone's deposits with them.
My first worry is that to the outside world, Gox is the only exchange that matters. Every publication uses the Gox price when they are talking about Bitcoin, and it's the only exchange that I've really seen talked about in the media. If nothing else, its collapse will be media worthy.
Go away.
EDIT: Actually, perhaps I am being naive but it is possible that you are simply a noob and not a very badly disguised troll. In which case don't worry about it. Gox has been to hell and back (perhaps not completely back) and while I would hesitate to compare Gox to Bitcoin itself, there is a certain resemblance as far as resilience goes. Anyway, it may be shit, but I don't think Gox is going anywhere.