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Thread: The Bitcoin Tracking Thread

11th April 2013, 08:00 PM #11
Ares

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Re: Mining hardware comparison

Originally Posted by madfranks

Bitcoin is trying to go mainstream, but the infrastructure is not yet there to support it.

Yep, we need probably 5-7 more type exchanges like MtGox (in size and volume) in order to have a stable price discovery and trading platform.

MtGox is a central point of failure at the moment as we've all noticed. When they go down the price of BTC's plummet. Which makes sense as they do 80% of all BTC transactions. That is a HUGE chunk of market price discovery exiting the market when they have a hiccup.

"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
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The Following 2 Users Say Thank You to Ares For This Useful Post:

madfranks (11th April 2013),Spun Gold (12th April 2013)