Topic: [Poll] The next big exchange (Read 2848 times)
CampBX which seems to be most serious about security.
I'd say kraken.com if it ever goes live so one can see how it will deal with the volume.
bitfloor.com seems to be nice and easy to get funds in and out of but man it's just as flakey as mtgox up down, market data not updating.. etc...
bitfloor.com seems to be nice and easy to get funds in and out of but man it's just as flakey as mtgox up down, market data not updating.. etc...
Vircurex? If ther's BTC-e...
I don't see any of the competitors having much of a chance at disrupting the natural monopoly that mtgox is sitting with. Competitors would need to significantly step up their marketing costs to begin eating market share.
As someone noted all the other exchanges failed when they tried handling the trades which fled gox when it shut down.
To compete with gox you are attacking a defensive market incumbent. You need a factor 7 of funding of the incumbent to have a decent shot at winning. None of the other exchanges is currently close at having such resources. The best they can do is to attack as an underdog and try pick off accounts from gox at a slow pace. Will take years for such a transition at best.
As someone noted all the other exchanges failed when they tried handling the trades which fled gox when it shut down.
To compete with gox you are attacking a defensive market incumbent. You need a factor 7 of funding of the incumbent to have a decent shot at winning. None of the other exchanges is currently close at having such resources. The best they can do is to attack as an underdog and try pick off accounts from gox at a slow pace. Will take years for such a transition at best.
Tradehill 2.0 should be on the list of options!
Come on. Bitcoin-24 is already the second biggest exchange. It works, you don't have to supply an identity, it has no fees for trading and it has low fees and fast transfers (in europe at least).
Oh yeah, "it works". 
Have you tried loading the page today?Also, https://bitcointalksearch.org/topic/m.1816958
I hope at least that after this crash we've learned something...
No, you have clearly not learned what you were supposed to learn, since you're still talking about "one big exchange", i.e. the perpetuation of the same kind of problem.There should not be "one big exchange", so the only correct answer above is "Other".
The past couple of days have shown that when gox is down, the other exchanges can't cope with the overflow and they go down too. I accidentally put my user ID in wrong on Bitstamp and it turns out there are only 5 spaces there, so they hadn't even imagined getting over 100,000 accounts. Bitfloor have been down a good part of the last 18 hrs and have some mysterious holds on my funds (which have all been deposited since the return from the hack).
I seriously doubt that any of the other exchanges has the capacity or the resources to scale bigger than gox. Compared to what they could and should be doing, they are rubbish, but compared to where the other exchanges are, gox are still miles ahead.
I seriously doubt that any of the other exchanges has the capacity or the resources to scale bigger than gox. Compared to what they could and should be doing, they are rubbish, but compared to where the other exchanges are, gox are still miles ahead.
Other crypto exchanges have lacked the resources and the necessity to scale. That will change with this latest installment of Gox incompetence. The fiat world has many small operations that handle many timex Gox's volume without hiccup. Another exchange will step up and surpass Gox.
The past couple of days have shown that when gox is down, the other exchanges can't cope with the overflow and they go down too. I accidentally put my user ID in wrong on Bitstamp and it turns out there are only 5 spaces there, so they hadn't even imagined getting over 100,000 accounts. Bitfloor have been down a good part of the last 18 hrs and have some mysterious holds on my funds (which have all been deposited since the return from the hack).
I seriously doubt that any of the other exchanges has the capacity or the resources to scale bigger than gox. Compared to what they could and should be doing, they are rubbish, but compared to where the other exchanges are, gox are still miles ahead.
I seriously doubt that any of the other exchanges has the capacity or the resources to scale bigger than gox. Compared to what they could and should be doing, they are rubbish, but compared to where the other exchanges are, gox are still miles ahead.
Bitstamp! I'm using it for 6 months by now without any issues.
Kraken.com
https://bitcointalksearch.org/topic/ann-krakencom-us-based-exchange-w-margin-trading-159974
pm me for beta access.
https://bitcointalksearch.org/topic/ann-krakencom-us-based-exchange-w-margin-trading-159974
pm me for beta access.
People have been pointing out that Gox is one of Bitcoin's biggest setback for a very very time long time (especially after the '11 crash).
I don't expect another big exchange to replace Gox any time soon. Not unless some truly motivated big players with a lot of capital move in.
Even then, there's nothing to guarantee that the next big exchange will be any better.
I don't expect another big exchange to replace Gox any time soon. Not unless some truly motivated big players with a lot of capital move in.
Even then, there's nothing to guarantee that the next big exchange will be any better.
Other, is not created yet.
Bitfloor is actually pretty good when they are UP. They're live order book and depth chart provides some extra insight into the open orders and can help you with trading strategy. They also confirm bank transfers in 30 minutes - not days like all the others.
I don't want another big exchange. I'd rather see each handling 5% of total BTC and spread the load around to mitigate DDOS.
None of these.
All existing exchanges actually perform WORSE than mtgox. They were looking good simply because they had very low volume.
Before we have a more decentralised solution (e.g. Ripple), we need a new and really professional exchange, possibly running by existing traditional currency exchange platform.
All existing exchanges actually perform WORSE than mtgox. They were looking good simply because they had very low volume.
Before we have a more decentralised solution (e.g. Ripple), we need a new and really professional exchange, possibly running by existing traditional currency exchange platform.
wow MT.Gox is winning? 
meanwhile we are being gox'd for the third time...
meanwhile we are being gox'd for the third time...Some people never learn. The same group of informed voters will probably try using their BFL discount vouchers.
wow MT.Gox is winning? meanwhile we are being gox'd for the third time... on the last 24hs.....
meanwhile we are being gox'd for the third time... on the last 24hs..... Come on. Bitcoin-24 is already the second biggest exchange. It works, you don't have to supply an identity, it has no fees for trading and it has low fees and fast transfers (in europe at least).
really? even if you want to buy more than 10k EUR worth of BTC?
I vote for bitcoin-24; really awesome interface and site overall. Too bad apparently its a one man show, if he had a team, the site would be ace.
I second that. Worked beautifully the last few days and after all it has second highest volume already.
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