Gox sux and Gox is a 80% attack on BTC.
I understand the rugged individualism aspect, especially with BTC pioneers, but if you want new people to adopt BTC there there has to be a modicum of reasonableness and reality in place. A newb has no reason to doubt Gox or it's alleged bonafides. To many newb's Gox is the spokessite for BTC. My first experience with BTC was the localbitcoins, but finding a seller with the BTC I wanted to buy was difficult. I then tried Bitfloor, cause I liked the idea of depositing $ in a bank account, but Bitfloor's volume sucked and no way was I paying the prices for the asks, though that ~$37 is looking pretty good now.
So I went to Gox. Everyone is going to Gox, Gox is BTC as far as everyone new knows. So goes Gox, so goes BTC. Don't believe me look at the prices for btc all because of Gox. If BTCe, Vircurex and five other exchages went off line and Gox was up, would anyone care? Prices may take a little hit due to the vast networks of bots trading the sites, but it wouldn't make much of a difference in BTC price.
Gox holds an implied fiduciary power due to its standing as the face of BTC. That means making the exchange fair and equitable and not this capricious and arbitrary system of assclownery where a pure state of panic is allowed to ensue and reach a level of pure mania. The lag was over 75minutes at one time according to bitcoinity.
This is pure silliness, and sad. BTC has all these lofty ideals of being better than fiat. Really?
Look at the way late comers are treated. It's a eff them attitude, they should know better. LMAO. I bet most of the people who think BTC is some democratic commodity applauded the Trashbaggers at the OWS rallies because they were fighting the man. Now the man is they, and newb's be damned cause I (TheMan) gots my BTC and you can pry it from my cold dead fingers. But hey newb we need your fiat so we can make BTC worth more so we can be richer and sell BTC for more of that fiat we hate so much. The bipolar like hypocrisy is sadly humorous.
Mt Sux must reverse all trades back to the start of the fiasco. And BTC'rs need to reverse all attitude back to 2011.
This is a great post, at the moment we are suffering financial De Ja Vu.
Poll
