Because they have "incompetent developers"
I consider Mark Carpeles to be an incompetent developer at best and an outright scammer at worst. There's a thin line between developers and scammers.
Not really sure what you are getting at. Yes, Bitfinex has incompetent developers. Their front-end source still contains Bitcoinica code -- and I have no doubt their back-end does too. Order mismatching, stops not executing, terrible lag, double order execution -- these have always been the hallmarks of Bitfinex's shoddy code.
What does that have to do with Mark Karpeles?
Is Karpeles a developer? Genuine question - I remember MtGox getting bought out and moving to Japan, but I thought the idea was that Karpeles was a businessman (
allegedly) and he was going to hire devs to replace Jed.
I don't know, really. I've always heard that he loves his PHP. I'm not sure what he has done outside of Gox. I remember his twitter at one point mentioned some PHP project he was doing, but it's gone and I don't recall. I don't know what he may have done with Tibanne, either.
Have a read of this reddit comment from someone that worked at MtGox. Mark was the only one allowed access to the backend and did live updates to the exchange. He must have programmed a database in addition to php coding. Whether he was professionally qualified to do that kind of dev work is another matter.
https://www.reddit.com/r/Bitcoin/comments/3fe92x/im_ashley_barr_aka_adam_turner_the_first_mtgox/ctntuszA lot of ridiculousness, and a lot of nothing. I hired the initial employees, Mark hired some devs (his friends) and not a whole lot was accomplished during my time there. Everything was walled-gardened (I think I made up a word) by Mark. I recall the dev's (and Mark) playing Oblivion, super meat boy and other games while shit was hitting the fan. I don't blame the dev's, they had no access, not even a pre-production server to help Mark with the exchange. In the truest sense of the work, Mark was a maverick, making live updates to the exchange (some went well, others didn't)
