Will you continue to use Mt. Gox after today?

[jackofspades]

I dont even care about gox for anything other than the most accurate
exchange rate honestly. I use bitfloor and even tho its not that accurate
it is way less of a fee and instant and convenient for me!

[BitcoinTate]

Their engineering team is a joke if they haven't fixed the lag and put online a decent trading engine after MONTHS AND MONTHS of time. They completely blew their lead in the field and will just become a mediocre exchange soon enough.

From what I've heard there is no "team". It's just one guy.

The 18 year old PHP wiz... thats usually how these things work.

There is no such thing as a PHP "wiz" Anyone who qualifies as a "wiz" knows better than to use PHP for anything critical or important.

Not to say that I don't agree with your sentiment 100+%, but I've found that many people tend to blame the application layer for problems that are actually at the database layer, and that many so-called DBAs can't performance-tune their way out of a wet paper bag.  But when you restart the app layer, and suddenly everything works again (for a while), it's easy to blame the app layer, without realizing that you haven't fixed the underlying concurrency problem, you've merely swept it under the rug for a little while until your site's users return.

Very good points. lol! How their database queries, tables cache's etc are setup can result in a night and day difference. But hell, even installing mod page speed and some other tweaks could help in the short term.

[PachucoBro]

If BitCoins to last with the same dollars flowing in and out of the system... MtGOX or some other large corporate entity will ramp up and make it a single EXCHANGE and then you can open up wallets anywhere that trade on that exchange. Similar to the FOREX that we have now.

Better to have one big exchange that puts all of its efforts and monies into protecting it and maintaining it and not be worry about every Tom, Dick and Harry complaining about their $100 deposit not going through.

[PachucoBro]

Even if gox was a shining example of user satisfaction trusting just one exchange for the fiat-btc rates of almost the entire Bitcoin ecosystem is a bad idea.

Jsut to clarify... MtGOX does not set any pricing... we the people do. The only way they get money is on the transaction fee of 0.6% when you buy BTC on the exchange.

In my example of making it all ONE exchange, MtGOX would charge all the wallet sites a fee (or portion of the transaction fee) to utilize their exchange.

Think Brokerages like we have now. They pay fees etc for the use of the exchange system.

[TimJBenham]

If BitCoins to last with the same dollars flowing in and out of the system... MtGOX or some other large corporate entity will ramp up and make it a single EXCHANGE and then you can open up wallets anywhere that trade on that exchange. Similar to the FOREX that we have now.

Actually there is no one big FOREX exchange. It is a distributed network.

Better to have one big exchange that puts all of its efforts and monies into protecting it and maintaining it and not be worry about every Tom, Dick and Harry complaining about their $100 deposit not going through.

If you mean going to a traditional model where brokers act as gateways to the exchange then you might be on to something. For a long time I thought that model was antiquated -- who needs brokers? just let everyone deal directly with the exchange! I'm starting to wonder whether the old school stock broking industry was as useless as a I thought.