What are you guys switching to? I've looked at and signed up for Bitcoin7 and Tradehill, but what sites does everyone else think are secure or better than what will be left of Mt. Gox?
I'm switching to ... Nothing.
Nah, this isn't a "Oh god Bitcoin's gonna die, cash out so I can buy your coins for cheapz!" post.
When I say I'm switching to nothing, I mean -- I'm going to step back a little to see how it plays out. Most of my coins were in my wallet, but ... I never intended to sell ALL of mine, only some here and there. I wanted to keep some of my coins for a while, maybe a long while. I've got a handful on Mt.Gox that I sent there because I was planning a trade, but if I lose them, it's not a huge issue for me.
What we have is an exchange that had some problem happen. There's different claims about what the problem was. Some more damning than others. And we have some new exchanges cropping up, and of course they're all saying they don't have the same problems as Mt.Gox. Except they are all small operations as well -- a few people wanting to make a quick buck.
And there's nothing wrong with wanting to make a quick buck, but I don't think it's honestly immediately obvious which one is going to be the best choice. I think anyone who is holding coins, and isn't in a real hurry to sell... Should move their coins into their own possession, and just sit back, and watch. Maybe Mt.Gox will explode from the angry users. Maybe it won't. Maybe it'll hire customer support and more programmers, maybe it won't. And the same is true for the other exchanges, especially the brand new ones now trying to exploit Mt.Gox's misfortune by insisting that -THEY- have security.
So I personally am just going to sit back, and keep mining, and wait to see how the rest plays out.
