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Question: Which exchange is good for Bitcoinica's future?
Mt. Gox
TradeHill
Bitcoinica Independent Exchange
Others (comment below)

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Author Topic: Do you think Bitcoinica should switch to TradeHill? [Edited]  (Read 6671 times)
nmat
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January 22, 2012, 04:53:42 AM
 #61

Yes, I'm aware that real-world transactions can be difficult to handle due to non-standard interfaces. But that's not my competitive edge. I'm good at outdoing your 10% codebase.

You know that not everything in a business is solved by coding right? In fact, coding itself is probably the least important activity. I have never ran an exchange or a business, but I can easily guess that you can't add support for lots of different payment methods in a snap.
Just look at the top complaints from people here. All you see is: "I can't withdraw.", "I need to verify the account.", "My bank transfer hasn't cleared", "MtGox doesn't answer my questions", etc. You don't see anyone saying: "Oh, MagicalTux clearly didn't write that method right. He should have used an HashMap instead of an HashTable". Running an exchange goes way beyond the ability to write Ruby.

My vote goes to anything but MtGox. I still believe that we can have a more balanced market.
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January 29, 2012, 02:59:08 PM
 #62

i would also like to see intersango getting a bit more attraction, since it is a reliable and for-free bitcoin exchange and has a great API (as far as i can tell).
(mail from Intersango in my inbox)
Quote
Dear users,

We have enjoyed providing people for many months now with a safe and reliable place to buy bitcoins. We are proud to be the only exchange owned and operated by core bitcoin developers.  This is why, despite not charging any commission, we have proven ourselves to have the highest level of professionalism, security and customer support in an industry where it is not the norm.

In a week however, we will be monetizing and charging a small 0.65% fee on trades as of 2012-01-03 24:00 GMT to keep Intersango running. This will allow us also to develop Intersango even further and provide even faster responses and more importantly faster resolutions to support inquiries.

We should be glad that it's a small 0.65% fee though. A large 0.65% fee would just be too much in my opinion.
Otoh
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January 29, 2012, 06:58:52 PM
 #63

to go from no fee to their small 0.65% fee when the gox has an even smaller small starting fee of 0.6% on a sliding downward scale of smallness strikes me as loony, especially as their spreads are normally much wider due to their smaller volume  Huh  which now will get even smaller I expect  Huh


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January 30, 2012, 05:18:51 AM
 #64

to go from no fee to their small 0.65% fee when the gox has an even smaller small starting fee of 0.6% on a sliding downward scale of smallness strikes me as loony
To have a 0.0% fee strikes me as loony.
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