Author

Topic: STOP using MtGox - the Bitcoin Central Bank (Read 2362 times)

hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
April 11, 2013, 08:54:33 PM
#7
Thanks God, MTGOX is just a crap since the rise of it.

Last bubble where it went to 30, it had something to do with this. And this time, thanks MTGOX, we are back from 120 to 70, though i Have know that the pop will be big, but really if you guys would like MTGOX f up the community for the third  time with it's "dedicated" service with hilarious fee. Keep this shit on. Angry
sr. member
Activity: 448
Merit: 251
Bitcoin
$85.00   .. that's what is trading at campbx right now.

full member
Activity: 168
Merit: 100
The last time I traded on Mt Gox was mid 2011. Since then I use Intersango (BTC), and BTC-e for the other cryptocurrecies (LTC at the mo).
sr. member
Activity: 588
Merit: 251
Yup stopped using as well. Step too far yesterday.
Their press release today just irritated me.

Alternatives to MtGox raised by another user here:
https://bitcointalksearch.org/topic/alternatives-to-mtgox-173245
sr. member
Activity: 448
Merit: 251
Bitcoin
There are several exchanges,   I personally like http://www.CampBX.com

However the more diverse exchanges are out there the better...    the issue is volume.. if you have 10,000 bitcoins you want to buy or sell you have very limited choices.





legendary
Activity: 1764
Merit: 1007
I admit I have pegged my exchange rates on localbitcoins.com to MtGox's. Shame on me.   Embarrassed
full member
Activity: 197
Merit: 100
Right now MtGox acts more and more like a central bank. It sets the price of Bitcoin. If it breaks, the price breaks too (goes down). And again people start talking about decentralized exchanges. We already have a lot of exchanges. Just start using them! Arbitrage traders/bots will do the rest.

Use alternative exchanges. Use LocalBitcoins.

It can not be that Bitcoin's decentralized beauty is compromised by a single exchange. We need alternatives for the benefit of all. Support them!


And one more: Do not keep your coins at any exchange.



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