In this paper about Mt. Gox, it is said that:

By 2013, it was handling 70% of all bitcoin trading.

Doesn't it contradict the 51% rule, saying that if a single agent controls 51% of the bitcoin market, it will collapse?

  • 3
    This is mixing two different things. 70% of trade is different than 51% of mining.
    – MaxSan
    Mar 27, 2017 at 10:42

1 Answer 1


@MaxSan is correct. Mt. Gox was only an exchange where people would buy and sell bitcoin. The 51% rule applies to a single entity (miner/pool) have 51% of the hashing power of the entire bitcoin mining network.

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