that amount was probably part of the reason why the price tanked afterward, mtgox was also a heavy centralized exchange, too many coins there, there should be more decentralized exchange, everything around bitcoin should be decentralized to avoid this troubles
Centralization is not the flaw and decentralization is not the answer. If system if corrupted it doesn't matter.
If management of MtGox was good it could still be the biggest, active and prominent exchange to this day.
All we need is right people on the right place, not idiots, scammers and thieves running things.
with decentralization, you can avoid completely the odds to have one malicious guy running everything, and since money make 99% of people malicious is better to have a decentralization system
why having a decentralized payment system when everything that turn around it is centralized, it almost kill the point...
Yes, but the problem of decentralization is, who would take care of the exchange ? What if it has a bug ? Who is going to fix ? How do we know that the one who is going to fix isn't going to steal the coins ?
isn't the same as bitcoin, who fix the bug in bitcoin the dev team, it would work exactly the same, if bitcoin is working good as a open source i can't see why an exchange can not...
1. With decentralized base of operations you can avoid scams.
2. Bitcoin is decentralized only in theory, fundamentals of bitcoin is decentralized. - Therefore scam free.
3. But to fully utilize its potential we need to use various satellite services which aren't decentralized at all. -Therefore potentially scam inviting.
4. Bitcoin to be in its true form needs to be used in direct p2p way, without it it is broken invention, potentially full of holes.
That is the reason we have so many bitcoin scams.
