Topic: What if... (Read 1215 times)
As strange as it sounds... Mt Gox was challenged by a very intense hack and made everyone whole in the end. So, while they may be amateur, they don't appear to be malevolent. I don't mean to say Intersango should achieve this in the same way, but accountability is #1 when it comes to exchanges. That is what needs to be "guaranteed" and advertised.
What is holding up the decentralized exchanges?
ok, good point, I was being flip because I like volatility
we do need to break the goxopoly
-> intersango charges 0% fees, offers various currencies, is run by some trustworthy people and works quite good. only thing needed badly are more people to use it in order to lower the spreads. bash the goxopoly!
I wouldn't worry about gox right now. They have huge incentive let the market make them lots of honest money without the need to be corrupt.
shame on us, though, should we ever give them the opportunity.
break the goxopoly
What is holding up the decentralized exchanges?
Arbitrage.
But, that's assuming the premise that it is being manipulated, which I don't buy.
I wouldn't worry about gox right now. They have huge incentive let the market make them lots of honest money without the need to be corrupt.
What is holding up the decentralized exchanges?
ok, good point, I was being flip because I like volatility
we do need to break the goxopoly
What is holding up the decentralized exchanges?
who cares?
lol
lol
What if the market is not actually being controlled by people who profit on pump and dump, but people who profit on commission on transactions?
Think of how much money Mt. Gox has made so far.
Is it unreasonable to say that they could be causing the spikes in the market because they make commission on the high volume of trades done when there is volatility in the market?
Think of how much money Mt. Gox has made so far.
Is it unreasonable to say that they could be causing the spikes in the market because they make commission on the high volume of trades done when there is volatility in the market?
+1 im trusting mtgox less and less these days
What if the market is not actually being controlled by people who profit on pump and dump, but people who profit on commission on transactions?
Think of how much money Mt. Gox has made so far.
Is it unreasonable to say that they could be causing the spikes in the market because they make commission on the high volume of trades done when there is volatility in the market?
Think of how much money Mt. Gox has made so far.
Is it unreasonable to say that they could be causing the spikes in the market because they make commission on the high volume of trades done when there is volatility in the market?
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