Ok, maybe I will pull a massive amount of hatred on me now ...
Let's get our facts straight:
There is one person (bitcoinex) who thinks that the current market is much too centralized.
Which is right in my opinion.
He start's a DDoS-attack to prove his point and brings the site down for several hours.
What's so wrong about that ?
If you can't see what is wrong with what he did, you clearly live in bizarro world.
That being said, let me explain things from a slightly different angle: this asswipe
operates an exchange.
This basically means that he's relying on his customers trusting him to handle
their money in an honest manner (I'm hoping I won't have to explain that part).
As to that, he's just given us a rather clear and resounding example of the
kind of business ethics he's ready to resort to.
Would you be ready to transfer any kind of money to btcex after he pulled
a stunt liked that ?
I most certainly am not, and I'm willing to bet that once people understand
better how he operates/thinks, very few will.
In other words, he's probably just destroyed any chance for btcex to become
any kind of successful.
How does that not make him a complete idiot ? Or do you think the only goal
of setting up the whole btcex affair was only to troll people on the bitcoin
Please enlighten me.
Well, for me this whole thing looks very different.
But to make one thing clear: I do not know bitcoinex nor do I know his real intentions or idealogies.
I can't see any links between DDoS-ing and business so I don't know what business ethics you mean.
I also never heard of bitcoinex stealing money from his customers or something so TO ME he seems like a legit business man.
I've never traded at btcex, though.
Since btces charges no fees (afaik) I don't think he tried to steal mtgox's userbase.
I got the impression that BECAUSE he's also running an exchange he has seen the problems coming with centralized exchanges and especially the focus on mtgox.com.
But hey, who knows, maybe he is just a total douchebag, I don't really care and I don't need to defend his doings.
Just keep in mind that never attracted any negative attention before that thing.
For me DDoS is a matter of free speach, just like a digital sit-in blockade.
Sure, as soon as it becomes a financial issue (which it is, because MtGox chrges fees) it gets really difficult to judge.
But in my opinion bitcoin exchanges should be free of any fees. We do not have to make the same mistakes that other currencies/systems/communites have done before.
(centralized market/market monopol + fees <-> government + taxes
Aw man, feels great in bizarro world