First time poster here...
I was just thinking about this whole MtGox thing... It seems that there is really bad price discovery between the crypto/fiat worlds.
BitCoin came about as a decentralized way of doing business, trading ideas, and the like...
Is there not a way we can have a decentralized way of doing price discovery and get away from the centralized exchanges? Maybe not a new coin, but rather a patch that can be added onto BitCoin? Maybe? If not, would a new coin be needed?
It just seems that the idea of a centralized exchange defeats the whole point of the crypto currency concept.
Now, I am not a coder, so I have no idea how to implement it... But if is not possible to patch Bitcoin, a new Crypto Currency is needed, and someone runs with my idea of a decentralized crypto exchange, please call the new trading unit a YAVORSK, instead of a Satoshi
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
This is my white paper
![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
Steve
edited for grammar...