and as long as we continue rewarding Gox with our business we get what we deserve
We need institutional help. NEED IT. How on earth do they keep letting this happen. There will be lawsuits.
I'm working on a new matching engine. Its the engine behind orderbook keeping.
My vision is to have a protocol that handle orderbook keeping to give CONCURRENT orders matching. Its will be fully decentralized. The exchanges will then just a front end using this protocol. Exchanges will be competing purely on services fee and local banking connection.
I know its not very clear right now but bitcoin will need this to survive.