4 ms·
> Is it true that as long as an exchange keeps functioning, then it's "here to stay" no matter how badly they behave? No, and that's evident by the fact that M
by pakitan 13y ago
> Is it true that as long as an exchange keeps functioning, then it's "here to stay" no matter how badly they behave?
No, and that's evident by the fact that Mt.Gox has been losing market share steadily since their withdrawal problems started. People are leaving Mt.Gox but at a very slow rate because there is a limit of outgoing transfers like 100-200K EUR/day so at most they lose something like 6M worth of deposits every month. If they solve the withdrawal problems right now I'm pretty sure people will forget about all the issues over the years and will happily trade at MtGox again. But if the problems continue for 1 more year, I think Gox will be pretty much dead.