The Benefit of MtGox Downtime

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Topic: The Benefit of MtGox Downtime (Read 913 times)

swusc2 (OP)

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The Benefit of MtGox Downtime

June 24, 2011, 10:38:11 PM

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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wolftaur

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Re: The Benefit of MtGox Downtime

June 24, 2011, 10:50:32 PM

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.

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