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mooseman99
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January 15, 2012, 10:31:04 PM
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What if the market is not actually being controlled by people who profit on pump and dump, but people who profit on commission on transactions? 
Think of how much money Mt. Gox has made so far. 
Is it unreasonable to say that they could be causing the spikes in the market because they make commission on the high volume of trades done when there is volatility in the market?
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arepo
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this statement is false


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January 15, 2012, 10:40:58 PM
 #2

What if the market is not actually being controlled by people who profit on pump and dump, but people who profit on commission on transactions? 
Think of how much money Mt. Gox has made so far. 
Is it unreasonable to say that they could be causing the spikes in the market because they make commission on the high volume of trades done when there is volatility in the market?


+1 im trusting mtgox less and less these days

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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jojo69
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January 15, 2012, 11:58:00 PM
 #3

who cares?

lol

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
bb113
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January 15, 2012, 11:59:56 PM
 #4

What is holding up the decentralized exchanges?
jojo69
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January 16, 2012, 12:01:33 AM
 #5

What is holding up the decentralized exchanges?

ok, good point, I was being flip because I like volatility

we do need to break the goxopoly

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
GeniuSxBoY
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January 16, 2012, 12:05:58 AM
 #6

I wouldn't worry about gox right now. They have huge incentive let the market make them lots of honest money without the need to be corrupt.
notme
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January 16, 2012, 12:07:42 AM
 #7

What is holding up the decentralized exchanges?

Arbitrage.

But, that's assuming the premise that it is being manipulated, which I don't buy.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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arepo
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this statement is false


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January 16, 2012, 12:08:49 AM
 #8

I wouldn't worry about gox right now. They have huge incentive let the market make them lots of honest money without the need to be corrupt.

shame on us, though, should we ever give them the opportunity.

break the goxopoly

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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gewure
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January 16, 2012, 06:14:48 AM
 #9

What is holding up the decentralized exchanges?

ok, good point, I was being flip because I like volatility

we do need to break the goxopoly

-> intersango charges 0% fees, offers various currencies, is run by some trustworthy people and works quite good. only thing needed badly are more people to use it in order to lower the spreads. bash the goxopoly!
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January 16, 2012, 06:49:17 AM
 #10

As strange as it sounds... Mt Gox was challenged by a very intense hack and made everyone whole in the end. So, while they may be amateur, they don't appear to be malevolent. I don't mean to say Intersango should achieve this in the same way, but accountability is #1 when it comes to exchanges. That is what needs to be "guaranteed" and advertised.
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