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Topic: Mt Gox must die - page 2. (Read 2507 times)

hero member
Activity: 662
Merit: 545
January 17, 2012, 08:33:41 PM
#10
i wonder what kind of funds it would take to make a clone of sorts?  

development is a least of a problem, getting fiat funds in an out - you will have to deal with some regulations and acquire some money transmitting business license

true but i would consider whatever it takes to get those proper licenses in order part of the "funds."  or maybe something could be negotiated with bitinstant.  even if it was only able to handle dwolla transactions id say its a project worth doing.  
legendary
Activity: 1050
Merit: 1000
January 17, 2012, 08:30:12 PM
#9
i wonder what kind of funds it would take to make a clone of sorts?  

development is a least of a problem, getting fiat funds in an out - you will have to deal with some regulations and acquire some money transmitting business license
hero member
Activity: 532
Merit: 500
January 17, 2012, 08:29:14 PM
#8
member
Activity: 66
Merit: 10
January 17, 2012, 08:28:37 PM
#7
The obvious answer is a decentralized exchange. Wasn't somebody working on that, once upon a time?
legendary
Activity: 1022
Merit: 1001
January 17, 2012, 08:27:08 PM
#6
Magic The Gathering.

'Nuff said.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
January 17, 2012, 08:26:11 PM
#5
We need an established forex company to offer trading imo.
hero member
Activity: 662
Merit: 545
January 17, 2012, 08:25:48 PM
#4
i wonder what kind of funds it would take to make a clone of sorts?  perhaps it is feasible to start a donation fund and get one started within this community with all fees from transactions not going towards an owners profit but to be reinvested into hardware.
hero member
Activity: 686
Merit: 500
Bitbuy
January 17, 2012, 08:25:43 PM
#3
We do need Mtgox, but we need other big exchanges as well. And Mtgox needs to get their shit together.
Aaaaand Mtgoxlive is down again. They can't get anything right today =/
hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
January 17, 2012, 08:25:12 PM
#2
BINGO!!!!!!!!!!!!!!!!!!!!!!!

The mtgox sloth cant even handle 1000 connections..

Their equipment is older than apollo 13
legendary
Activity: 3192
Merit: 4373
diamond-handed zealot
January 17, 2012, 08:22:05 PM
#1
Strong words, I know

It is painfully obvious that we need to decentralize the exchange if we want bitcoin to survive

we are one well placed STUXNET or drone strike from total disaster

this single point of vulnerability is unacceptable

not to mention the fact that they refuse to keep pace with the currency's hardware and bandwidth needs
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