Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: swusc2 on June 24, 2011, 10:38:11 PM



Title: The Benefit of MtGox Downtime
Post by: swusc2 on June 24, 2011, 10:38:11 PM
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.


Title: Re: The Benefit of MtGox Downtime
Post by: wolftaur on June 24, 2011, 10:50:32 PM
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. :)