So the Mt. Gox price isn’t a clean measure of a bitcoin’s value. Instead, it measures the value of a bitcoin plus the desperation of Mt. Gox’s customers.
But that still leaves a puzzle. It makes sense that customers will pay a premium to get their money out. But who is willing to take the other side of the trade, selling bitcoins in return for “Mt. Gox dollars”?
Ow!
I've read a lot of dumb stuff this past month but this made me actually cringe to the point of pain!
@zakolivers. Could you add:
"CAUTION: Extreme author stupidity. Reading can lead to self-harm."
to your post.
Thanks.
