Bitcoin is meant to be a decentralized system where anyone can do business and nobody is in control, but - it doesn't seem to be panning out like that.
MTGox has the vast majority of exchange transactions.
The official bitcoin price is based on their average.
We also have MTGox being courted by Wall St and suddenly the bitcoin price goes nuts!
For a decentralized system, that is an awful lot of influence on bitcoin from one location.
While I know that anyone could set up their own exchange, it does seem to me that being centralized is benefiting bitcoin.
How does this work with the whole ethos of nobody being in control of bitcoin?
Is it important to the success of bitcoin or is a little bit of 'rebellion and dangerous out of control' decentralized PR just a hook to catch initial interest?
BTW, This is a serious question!