whatsup with Gox?

[TookTheRedPill]

every time i come online now i hear more and more bad news about them!  thoughts?

[CryptoJunky]

They're the largest exchange and have had trouble dealing with high volume/high frequency trading. Some people have attributed crashes in the Bitcoin price to be directly linked to gox servers not able to keep up.

The recent bad news regarding their legal woes in the U.S. has been a bit misrepresented. While it is serious, the U.S. government doesn't appear to be going directly after MtGox. There have been rumors/indications of other exchanges coming online so we'll see if another exchange ends up taking over. Maybe the competition will drive MtGox to address some of the issues that have been brought to light.

[DDP]

Thanks for the thoughts. I read about that too, and don't know what to think about that yet. Any other insights?

[Kennji]

Would be REALLY SMART for another Exchange to come up here.

They would make BANK.

[rumpler]

Would be REALLY SMART for another Exchange to come up here.

They would make BANK.

Lots of them are trying, but people are attached to Gox because they were first.

BitFloor was doing really well until they got shut down. CampBX and BitStamp are quite good too.
In some ways, the other ones are actually better. Since they're based in the US, you can do direct deposit transfers into your trading accounts from your banks. (Saving some, if not all, of the Wire transfer fees)

[mcfundash]

BTC-e FTW

[atp1916]

I am quite sure BTC-E doesn't have their cash accounts in the US... 

[BitWulf]

Gox should be ok after this rough patch. We will see though. It seems to be the general consensus that if gox were to fall BTC would become stronger. I'm not sure.

[theonlyfox]

MtGox has made several miscalculations.  The first is not having a good infrastructure in place or planned when the bit hit the fan for lack of a better pun.  The second was not following through on the Coinlab deal.  The third was not paying attention to paper work they submitted to Uncle Sam and ran afoul of our wonderful regulatory environment.  Other than that, I guess you can say they are behind the times on other crypto currencies but that is a contentious issue with some.