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Thanks for providing that. The biggest question I had was "Why?" Even still, I don't completely understand his point (is he being rational?). Hasn't mtgox been
by zbanks 15y ago
Thanks for providing that. The biggest question I had was "Why?"
Even still, I don't completely understand his point (is he being rational?). Hasn't mtgox been invaluable in giving value to Bitcoins? Without it, it'd be harder to liquidate to hard currency, and the market value would be considerably lower.
He doesn't seem to be affiliated with a direct competitor to mtgox either, because that would also explain it...
EDIT: Yeah, I have a feeling he's being irrational:
"The day before yesterday I was owed [owed] 100 BTC = $160 but today it $320 and it is too much for me. And it continues to grow simply because everyone is looking for people who cabal [can?] draw their own exchange rate on mtgox."
Although he has a completely valid point: the increased valuation of btc has increased his debts in real currency, he's approaching the problem in the wrong way. He technically is justified to a certain degree: mtgox has had this effect on btc. And now that it's down, I'm sure the exchange rate will fall.
In addition, it turns out that he runs btcex.com, a Russian competitor to mtgox.
- kiba 15y agoThe Russian dude was a competitor of Mt Gox.