Mt.Gox is the real winner here... dat 0.6% fee...

[chriswilmer]

Today is the day the bitcoin community traded so much that everyone ended up giving their bitcoins to Mt.Gox.

[pretendo]

I'm probably switching to another exchange after this. What's the second biggest?

[jwzguy]

You'd think that for that .6% 1.2% of millions of dollars, they'd get their software and servers up to snuff.

This is ridiculous.

[Chalkbot]

Well it will ultimately be good for bitcoin if we start using some of the other exchanges.

[bytedisorder]

True that, however those bitcoins will end up back in circulation will all the new people coming in to the bitcoin universe who buy coin from Mt. Gox

Mt. Gox will make a ton of money though!

[lucif]

Someone... In a name of buzz, make the another exchange with straight hands..

I will lovely move my funds there.

[gweedo]

I'm probably switching to another exchange after this. What's the second biggest?

bitstamp.net I maybe switching right when coinlabs takes over the USD

[Blazr]

bitstamp.net I maybe switching right when coinlabs takes over the USD

The one thing Bitstamp is missing is Yubikey 2FA, I don't like Google Authenticator. If it had that I would never need to use MtGox again.

[Chalkbot]

bitstamp.net I maybe switching right when coinlabs takes over the USD

The one thing Bitstamp is missing is Yubikey 2FA, I don't like Google Authenticator. If it had that I would never need to use MtGox again.

I'm with you, is there another exchange with Yubikey?

[q6m]

And they don't deserve a single bit of it.

Coinlab is probably rethinking that partnership...

Today is the day the bitcoin community traded so much that everyone ended up giving their bitcoins to Mt.Gox.

[MacMiner]

We have been working on upgrading the trade engine, but this is an herculean task and we can't do it lightly/in the rush!

From https://www.facebook.com/MtGox

MtGox == blablabla

[bozak]

bitstamp.net I maybe switching right when coinlabs takes over the USD

The one thing Bitstamp is missing is Yubikey 2FA, I don't like Google Authenticator. If it had that I would never need to use MtGox again.

What is wrong with Google Authenticator?

[arruah]

I'm probably switching to another exchange after this. What's the second biggest?

bitcoin-24.com

[justusranvier]

You'd think that for that .6% 1.2% of millions of dollars, they'd get their software and servers up to snuff.

This is ridiculous.

They don't actually have a matching engine. They secretly outsourced order processing to Foxconn, who makes their employees match bids and asks by hand during their lunch break.

[EuSouBitcoin]

I'm trading more and more at BitFloor and less and less at Mt Gox for 3 reasons
1) at BitFloor at I receive 0.1% for adding liquidity to the order book. At Mt Gox I PAY 0.43%. A difference of 0.53%. HUGE!
2) BitFloor's software and responsiveness is 10 times better than Mt Gox
3) I can transfer USD between BitFloor and my bank account much faster than between Mt Gox and my bank account

[Chalkbot]

I'm trading more and more at BitFloor and less and less at Mt Gox for 3 reasons
1) at BitFloor at I receive 0.1% for adding liquidity to the order book. At Mt Gox I PAY 0.43%. A difference of 0.53%. HUGE!
2) BitFloor's software and responsiveness is 10 times better than Mt Gox
3) I can transfer USD between BitFloor and my bank account much faster than between Mt Gox and my bank account

Can I use my Yubikey there?

[Qoheleth]

Bitfloor

I was really excited about those guys, and was considering moving there.

Then they got hacked and were down for months.

How do I know it won't happen again?

[Enigma81]

GRRRRRRRRRRRRRRRRRRRRRRRRRRR

MTGOX.COM
An unexpected error has occured. Please try again later.


It's not unexpected when you are running a multi-million dollar trading business on the equivalent of a Commodore 64 / Apple II-E

Gox: Upgrading is hard
Me: I don't care.  Just Like I didn't care that it was 'Hard' to move all of my identity confirmation info from one system to another.  Poor you.

This is INSANE.  Moving Coins to BitFloor and BitStamp ASAP.

[EuSouBitcoin]

I'm trading more and more at BitFloor and less and less at Mt Gox for 3 reasons
1) at BitFloor at I receive 0.1% for adding liquidity to the order book. At Mt Gox I PAY 0.43%. A difference of 0.53%. HUGE!
2) BitFloor's software and responsiveness is 10 times better than Mt Gox
3) I can transfer USD between BitFloor and my bank account much faster than between Mt Gox and my bank account

Can I use my Yubikey there?

No, but you can use Google Authenticator which I use and highly recommend.

[EuSouBitcoin]

Bitfloor

I was really excited about those guys, and was considering moving there.

Then they got hacked and were down for months.

How do I know it won't happen again?

You don't know that. But then again you don't know that Mt Gox won't be hacked in the future either. It's a judgement call. I think you have to consider all variables: fees, ways of moving USD, interface, likelyhood of being hacked, etc and then decide where you want to trade. Plus you can trade at both at the same time to see which one you like better.