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One could argue that efficient price discovery supports MtGox's bottom line. If bitcoin ends as a currency, it looks like MtGox would be left holding the bag. H
by ISL 13y ago
One could argue that efficient price discovery supports MtGox's bottom line. If bitcoin ends as a currency, it looks like MtGox would be left holding the bag. Healthy exchanges should make money by facilitating transactions, not price support.
Of course, if MtGox wanted to underwrite a bitcoin community and then reap the future benefits as a major exchange, this is an efficient way to do it.
- drcross 13y ago|if MtGox wanted to underwrite a bitcoin community and then reap the future benefits as a major exchange, this is an efficient way to do it. wrong, the most efficient way would have been to offer discounts on their rates. That's the main clue that MtGox are not partaking in price manipulation.