Bitcoin Institute

Re: New Bitcoin Exchange (mtgox.com)

Figures: Babylon ,  mtgox
Babylon July 18, 2010 02:04 UTC
Quote from: mtgox on July 18, 2010, 1:57:19 AM UTC

Hi Everyone, I just put up a new bitcoin exchange. Please let me know what you think. https://mtgox.com

Your trade mechanism seems to favor those buying bitcoins at the expense of those selling. I am not certain but I believe that bitcoin market take the average between the high bid and the low ask while you set the price at the low ask. This is not necessarially a bad thing, but I did want to point it out.