<p>@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.  </p>

CC BY-SA 3.0
2017-03-27T12:24:56.690Z
2017-03-27T12:24:56.690Z
Auronmatrix
<p>In <a href="https://blogs.wsj.com/briefly/2014/02/25/5-things-about-mt-goxs-crisis/" rel="nofollow noreferrer">this paper about Mt. Gox</a>, it is said that:</p>

<blockquote>
  <p>By 2013, it was handling 70% of all bitcoin trading.</p>
</blockquote>

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

CC BY-SA 3.0
2017-03-27T10:42:42.160Z
This is mixing two different things. 70% of trade is different than 51% of mining.
MaxSan
<network>
Can a company handle 70% of all bitcoin trading?
Erel Segal-Halevi
# Can a company handle 70% of all bitcoin trading?

(Asked by: username_0 on 2017-03-27)

In [this paper about Mt. Gox](https://blogs.wsj.com/briefly/2014/02/25/5-things-about-mt-goxs-crisis/), 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?

**Tags:** network

> **Comments:**
> **username_1**: This is mixing two different things. 70% of trade is different than 51% of mining.  

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## 1 answers

### Answer by username_2 on 2017-03-27. Score: 3 | Accepted answer

@username_1 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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