The Benefit of MtGox Downtime

[swusc2]

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.

[wolftaur]

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.