Quote:
Originally Posted by dyna mo
btc is decentralized, the exchange that was hit, mtgox, has commanded a lion's share of the exchange business so when they were hit, it was similar to hitting a large chunk of the entire exchange market. I've seen some #s that claim 90% of all btc business is transacted through mtgox.
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my point was if few hour downtime of Mt.Gox causes 20% drop in price, what would a downtime lasting days, or complete shut down of Mt.Gox do to the price of bitcoins?