Topic: The Benefit of MtGox Downtime (Read 958 times)
It's also done a wonderful job of illustrating that Bitcoin's value is -not- dependent on a specific or single exchange. This should help reduce some of the panic potential.
It seems that one advantage of MtGox's downtime is that many users are shifting over to other exchanges. TradeHill has a trade volume of almost 6800 today and Bitcoin7 and BitcoinMarket are also growing in size. A more evenly distributed exchanges reduces the risk of what happened earlier this week with MtGox.
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