The notion that MTGOX controls the price of bitcoin is incorrect. That's like saying buying a domain name controls the price of all domain names.
I'm in the process of building a job market exchange. A MTGOX for employment.
Having differentiated exchanges solves the decentralization goal without causing hyperbolic paranoid competition for MTGOX.
Alternatively MTGOX could become a reference platform for trading with various features. The price fluctuations would go across the board there.
Differentiation has the feature that bitcoin prices can fluctuate much less for those who want to use them as a means of exchange for work. Those who like to speculate can have all the nailbiting they want without affecting the rest of us.
Arbitrage between various general and specialized exchanges could be a good means for those who understand the dynamics to benefit from their knowledge.
If anyone wants to help me prioritize this project (life eet eez what eet eez!) loans and donations are welcome: 1CyRHgBAyj2edshrdidM8pz1e6z1p8SVR
Topic: MTGOX doesn't control the price - the interface does - Job exchange board (Read 1187 times)
May 24, 2011, 01:24:45 AM
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