Bitcoin Forum
April 24, 2018, 11:41:39 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: A simple solution to the MtGox problem  (Read 571 times)
pyedpyper
Full Member
***
Offline Offline

Activity: 174
Merit: 100


View Profile
April 13, 2013, 09:53:18 PM
 #1

1. We agree that Gox is problematic.
2. We all trade on Gox anyway because everyone else trades on Gox - and you need volume to trade efficiently.
3. Most serious traders don't use the other markets because they are too quiet.
4. They are quiet because no-one uses them because they are too quiet.... [vicious loop here]

A solution:

If we all (or a lot of us) can agree to use a another exchange (Bitstamp, Bitfloor, or whoever we agree is best) and agree together collectively to move there at the same time, then the essential problem is solved.

It just would require some organisation and co-ordination (and of course warning the lucky exchange to upgrade their servers to accomodate).

I believe it would be a simple matter to use these forums to orchestrate.

Comments?

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1524613299
Hero Member
*
Offline Offline

Posts: 1524613299

View Profile Personal Message (Offline)

Ignore
1524613299
Reply with quote  #2

1524613299
Report to moderator
1524613299
Hero Member
*
Offline Offline

Posts: 1524613299

View Profile Personal Message (Offline)

Ignore
1524613299
Reply with quote  #2

1524613299
Report to moderator
1524613299
Hero Member
*
Offline Offline

Posts: 1524613299

View Profile Personal Message (Offline)

Ignore
1524613299
Reply with quote  #2

1524613299
Report to moderator
ElectricMucus
Legendary
*
Offline Offline

Activity: 1610
Merit: 1001


God of the code.


View Profile WWW
April 13, 2013, 09:56:21 PM
 #2

Well I already left gox before that thing started what can I say?
superduh
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
April 13, 2013, 09:58:17 PM
 #3

Their engine etc has to be even better than gox otherwise same problem happens. They need to limit api abuse. Limit fake orders etc.. Other exchanges need to be solid first and foremost.

ok
Aianis
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
April 13, 2013, 10:00:08 PM
 #4

This can be a good idea in terms "the customer commands the market". But imagine how many traders read this forum. The have to be other ways to communicate the community's decision if we are ever to reach a consensus.
pyedpyper
Full Member
***
Offline Offline

Activity: 174
Merit: 100


View Profile
April 13, 2013, 10:05:17 PM
 #5

This can be a good idea in terms "the customer commands the market". But imagine how many traders read this forum. The have to be other ways to communicate the community's decision if we are ever to reach a consensus.

Sure, the percentage of total traders on the forum is not huge.

BUT if there was consensus amongst the forum traders - and an actual move.

That might be enough to create a tipping point...
johnniewalker
Legendary
*
Offline Offline

Activity: 896
Merit: 1000



View Profile
April 14, 2013, 12:54:02 AM
 #6

1. We agree that Gox is problematic.
2. We all trade on Gox anyway because everyone else trades on Gox - and you need volume to trade efficiently.
3. Most serious traders don't use the other markets because they are too quiet.
4. They are quiet because no-one uses them because they are too quiet.... [vicious loop here]

A solution:

If we all (or a lot of us) can agree to use a another exchange (Bitstamp, Bitfloor, or whoever we agree is best) and agree together collectively to move there at the same time, then the essential problem is solved.

It just would require some organisation and co-ordination (and of course warning the lucky exchange to upgrade their servers to accomodate).

I believe it would be a simple matter to use these forums to orchestrate.

Comments?



Good luck. Mobilizing a large number of people is no easy task. Especially for something petty like this. (I don't mean any offense)
Herodes
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
April 14, 2013, 02:09:13 AM
 #7

1. We agree that Gox is problematic.
2. We all trade on Gox anyway because everyone else trades on Gox - and you need volume to trade efficiently.
3. Most serious traders don't use the other markets because they are too quiet.
4. They are quiet because no-one uses them because they are too quiet.... [vicious loop here]

A solution:

If we all (or a lot of us) can agree to use a another exchange (Bitstamp, Bitfloor, or whoever we agree is best) and agree together collectively to move there at the same time, then the essential problem is solved.

It just would require some organisation and co-ordination (and of course warning the lucky exchange to upgrade their servers to accomodate).

I believe it would be a simple matter to use these forums to orchestrate.

Comments?



Very hard to make a concerted effort like this. Gox seems the best choice at this point imo.
moni3z
Hero Member
*****
Offline Offline

Activity: 886
Merit: 1000



View Profile
April 14, 2013, 07:17:56 AM
 #8

Trade all you want on #bitcoin-otc with no limits, no ID, no holds, no lag, no incompetent exchange operators. There's a few big traders on there with high rep and plenty of successful trades.

http://bitcoin-otc.com/viewratingdetail.php?nick=EPiSKiNG- will sell/buy up to 4000BTC with cash or deposit
http://bitcoin-otc.com/viewratingdetail.php?nick=sturles will sell/buy huge amounts of coin for SEPA transfer
http://bitcoin-otc.com/viewratingdetail.php?nick=Mqrius bulk sell/buy in Netherlands for cash or sepa
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!