Bitcoin Forum
December 09, 2016, 05:53:40 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: the same way you are worried about one party gaining more than 50% hashing  (Read 747 times)
nazgulnarsil
Full Member
***
Offline Offline

Activity: 224


View Profile
June 04, 2011, 10:16:16 PM
 #1

you should also be worried about one BTC-USD exchange being 90% of the bitcoin exchange.

If MtGox goes down, even temporarily, it could have severe repercussions for people's faith in the ability to transfer between BTC-USD.
1481262820
Hero Member
*
Offline Offline

Posts: 1481262820

View Profile Personal Message (Offline)

Ignore
1481262820
Reply with quote  #2

1481262820
Report to moderator
1481262820
Hero Member
*
Offline Offline

Posts: 1481262820

View Profile Personal Message (Offline)

Ignore
1481262820
Reply with quote  #2

1481262820
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481262820
Hero Member
*
Offline Offline

Posts: 1481262820

View Profile Personal Message (Offline)

Ignore
1481262820
Reply with quote  #2

1481262820
Report to moderator
TraderTimm
Legendary
*
Offline Offline

Activity: 1652



View Profile
June 04, 2011, 10:20:04 PM
 #2

you should also be worried about one BTC-USD exchange being 90% of the bitcoin exchange.

If MtGox goes down, even temporarily, it could have severe repercussions for people's faith in the ability to transfer between BTC-USD.

It also would be an enticement for another exchange to be created, given the profits that can be had being the facilitator of exchange. I think someone would put up on pretty fast, just to get a cut from the pie. Even if an exchange didn't exist, bitcoin still has value between participants. The real effort should go into getting merchants to accept bitcoin directly, honestly.

I don't mind an exchange being there. Just thinking down the road where such exchanges may not need to exist.

fortitudinem multis - catenum regit omnia
Dansker
Hero Member
*****
Offline Offline

Activity: 740


Hello world!


View Profile
June 04, 2011, 10:26:00 PM
 #3

∧_∧   ∧_∧   ∧_∧   ∧_∧      ∧_∧
( ・∀・)   ( `ー´)  ( ´∀`)  ( ゚ ∀゚ )    ( ^∀^)
(    つ┳∪━━∪━∪━━∪━∪━∪━┳⊂     つ
| | |  ┃This thread has peacefully ended.┃ | | |
(__)_) ┻━━━━━━━━━━━━━━┻ (__)_)     Thank you.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!