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Author Topic: The Benefit of MtGox Downtime  (Read 738 times)
swusc2
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June 24, 2011, 10:38:11 PM
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It seems that one advantage of MtGox's downtime is that many users are shifting over to other exchanges. TradeHill has a trade volume of almost 6800 today and Bitcoin7 and BitcoinMarket are also growing in size. A more evenly distributed exchanges reduces the risk of what happened earlier this week with MtGox.

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June 24, 2011, 10:50:32 PM
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It's also done a wonderful job of illustrating that Bitcoin's value is -not- dependent on a specific or single exchange. This should help reduce some of the panic potential. Smiley

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