PSA: Bitcoin's survival and long term prospects depend on MtGox getting killed.

[mintymark]

I Agree with OP. Vote with your feet people. I personally have found Bitstamp pretty satisfactory.

[Peter Lambert]

Yesterday I sold the little remaining USD I had on MtGox (for 9.09 mB/USD, not the peak but better than the 8.47 I would have gotten just before the Dwolla news came out, or the 8.84 they are going for right now, but I digress) and transferred my bitcoins away. I can only assume that there are other people who are likewise doing one last transaction on MtGox and taking their money out, this will sustain the volume there temporarily.

My question is: how long do you think it will be before the daily volume for MtGox is no longer the number one exchange?

[Stampbit]

Use a competitor, stop feeding the beast.

[aceking]

we need a really professional exchange , maybe bitcoin foundation should create one that complies with fincen and other legulators.

[Peter Lambert]

we need a really professional exchange , maybe bitcoin foundation should create one that complies with fincen and other legulators.

No, that would be centralizing things too much.

Somebody should start a really professional exchange, why not you?

[MPOE-PR]

we need a really professional exchange , maybe bitcoin foundation should create one that complies with fincen and other legulators.

No, that would be centralizing things too much.

Somebody should start a really professional exchange, why not you?

I rike the legulation palt.

[klee]

Oh mighty wise one, do you have a suggestion for a better exchange to use?

The first bitcoins I bought were on TradeHill, because they allowed easy Dwolla deposits and I thought MtGox seemed sketchy (this was right around the time of the big MtGox hack and rollback etc). Tradehill went away, so I stopped using them.

I then used MtGox, now I have an account there and a small amount of money there, so unless another option is clearly better I will keep using them because it is familiar. They do have a record of developing very long lag times during high volumes of trade, so I would be interested in an exchange that does the whole exchange thing better.

I tried putting up an ad on localbitcoins, but never got any response.

I used Coinbase to buy some bitcoin, but their daily limit is obnoxious and they are just selling bitcoins, it is not the same as trading on a market.

What is the best option, or do we still need somebody to make the ideal exchange site?

Outside of otc trading (which for the record has been for the past year and looks set to remain the largest BTC market by volume - yes it was larger than the sum of all exchanges before today, yes it will certainly remain larger than the sum of all exchanges after today) you might try cavirtex for the west side of the pond and bitcoin-central for the east side. There's also btc-e and bitstamp. There's probably more.

It wouldn't hurt if somebody made a good exchange, but it's hard to do and some other newbs with fat on the brain a la Karpeles are emphatically NOT needed.

I am waiting for Bitcoin Central to get back online with better site and security this time! I like they are more regulated. Also they need bigger volume...

[Atruk]

Oh mighty wise one, do you have a suggestion for a better exchange to use?

The first bitcoins I bought were on TradeHill, because they allowed easy Dwolla deposits and I thought MtGox seemed sketchy (this was right around the time of the big MtGox hack and rollback etc). Tradehill went away, so I stopped using them.

I then used MtGox, now I have an account there and a small amount of money there, so unless another option is clearly better I will keep using them because it is familiar. They do have a record of developing very long lag times during high volumes of trade, so I would be interested in an exchange that does the whole exchange thing better.

I tried putting up an ad on localbitcoins, but never got any response.

I used Coinbase to buy some bitcoin, but their daily limit is obnoxious and they are just selling bitcoins, it is not the same as trading on a market.

What is the best option, or do we still need somebody to make the ideal exchange site?

Outside of otc trading (which for the record has been for the past year and looks set to remain the largest BTC market by volume - yes it was larger than the sum of all exchanges before today, yes it will certainly remain larger than the sum of all exchanges after today) you might try cavirtex for the west side of the pond and bitcoin-central for the east side. There's also btc-e and bitstamp. There's probably more.

It wouldn't hurt if somebody made a good exchange, but it's hard to do and some other newbs with fat on the brain a la Karpeles are emphatically NOT needed.

I am waiting for Bitcoin Central to get back online with better site and security this time! I like they are more regulated. Also they need bigger volume...

... And stay away from web wallets, pay people back, etc.

[bracek]

you are all spoiled and unthankful

gox has done for us and bitcoin more than any of us posting here

he is doing something, what are you all whiners doing to help or improve ?

[MPOE-PR]

you are all spoiled and unthankful

gox has done for us and bitcoin more than any of us posting here

Fuck you. Go learn who you're talking to first, open your mouth second or not at all.

he is doing something, what are you all whiners doing to help or improve ?

I'm telling you to fuck off and go educate yourself.

[bitdragon]

yeah, good idea-
you wish for others what you wish for yourself right?

[NedKLee]

Tried to educate myself OP, so far I've had not even one inkling of a problem with Mt. Gox, verification was not a problem and I've been happily trading ever since, my opinion is Gox is a good thing and when you're on a good thing, stick to it.

From a purely educational point of view, could you please suggest another exchange, where I, as an Australian, can safely and securely trade?

[ThickAsThieves]

http://numismatics.pwnz.org/15may-dhs-seizure-of-mtgox-funds-held-by-dwolla/

[Peter Lambert]

Tried to educate myself OP, so far I've had not even one inkling of a problem with Mt. Gox, verification was not a problem and I've been happily trading ever since, my opinion is Gox is a good thing and when you're on a good thing, stick to it.

From a purely educational point of view, could you please suggest another exchange, where I, as an Australian, can safely and securely trade?

Take a look at WeExchange.co, (not com, that is confusing), I believe they are set up in Australia.

[RodeoX]

I'm not a fan of monopolies, but I don't see Gox as a scam. I have never had a problem with them (so far) and it has never taken more than an hour to fund my account.

[Theraty]

Please do your part killing this offensive piece of shit scamsite. Never trade on MtGox. Not now, not ever. Every dollar you pay in taxes goes to feed some bureaucrat swine, pay for hospitals, education and bombers. Every dollar you pay in MtGox fees goes to feed swine exclusively.

Find a different exchange, trade there, never MtGox again.

Exchanges need greater decentralization.

The fact that more exchanges are appearing everyday, and all mt gox has to do is sit there and screw up is leading to this naturally.

[Theraty]

you are all spoiled and unthankful

gox has done for us and bitcoin more than any of us posting here

Fuck you. Go learn who you're talking to first, open your mouth second or not at all.

he is doing something, what are you all whiners doing to help or improve ?

I'm telling you to fuck off and go educate yourself.

I respect your points of view but theres no need to attack others. Just take it for granted that they don't understand the situation like you do.

Chill and be happy   

[PrintMule]

Bitstamp for life.
BTC-e sucks donkey balls.

[NedKLee]

Tried to educate myself OP, so far I've had not even one inkling of a problem with Mt. Gox, verification was not a problem and I've been happily trading ever since, my opinion is Gox is a good thing and when you're on a good thing, stick to it.

From a purely educational point of view, could you please suggest another exchange, where I, as an Australian, can safely and securely trade?

Take a look at WeExchange.co, (not com, that is confusing), I believe they are set up in Australia.

Thank you Sir, will check them out.

[misterbigg]

As much as I dislike this freakish boygirl's temperament, I have to give credit that this he-she has accurately predicted a lot of things. Coinlab comes to mind. If you can get past the hairy scrotum hiding under the mini skirt, shim actually has a lot of insights.