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Right. They couldn't effectively operate in the face of a huge trading spike and a DDOS. Hence they're upgrading. But then they get stick for taking too long to
by codeulike 14y ago
Right. They couldn't effectively operate in the face of a huge trading spike and a DDOS. Hence they're upgrading. But then they get stick for taking too long to upgrade.
Conversely, if they spent $$$ on a bulletproof platform, they'd probably go bust (as seems to have happened to other more technically proficient exchanges)
The underlying problem is: people have too high expectations of what the bitcoin world can cobble together at this point. Its being built by hackers, not bankers.
- dragonwriter 14y ago> Conversely, if they spent $$$ on a bulletproof platform, they'd probably go bust (as seems to have happened to other more technically proficient exchanges) If that's true, it would seem to indicate that no one with the resources to eat the cost of operating a reliable exchange through the expected growth period of bitcoin has sufficient long-term confidence in bitcoin to underwrite the growth-phase costs in order to reap the rewards once bitcoin is all grown up. > The underlying problem is: people have too high expectations of what the bitcoin world can cobble together at this point. Its being built by hackers, not bankers. Expecting the main exchange for something that is promoted as a currency to meet the reliability expectations of a currency exchange is not unreasonable.
- codeulike 14y agoYou're assuming that access to investment (VC funding or whatever) is a perfectly efficient system. It clearly isn't.