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Title: Why is everyone starting an exchange? Post by: gweedo on January 15, 2014, 07:11:05 PM I just don't get it, their are so many better ways of making bitcoins and yet people still are going to copy the exchange model over and over. Today I have seen 2 post on Odesk for virtual coin exchanges. Like come on guys we need creative people not 1000000 exchanges that do the same thing.
Title: Re: Why is everyone starting an exchange? Post by: guybrushthreepwood on January 15, 2014, 07:28:05 PM I just don't get it, their are so many better ways of making bitcoins and yet people still are going to copy the exchange model over and over. Today I have seen 2 post on Odesk for virtual coin exchanges. Like come on guys we need creative people not 1000000 exchanges that do the same thing. Probably because they want coins and don't have any better ideas. Title: Re: Why is everyone starting an exchange? Post by: Holliday on January 15, 2014, 08:00:21 PM Possibly because no one has gotten it right yet?
Title: Re: Why is everyone starting an exchange? Post by: Kiki112 on January 15, 2014, 08:57:04 PM isn't it logical?
because they can make money from it :D they take a share from every transaction which makes them income, why wouldn't you start an exchange? :) Title: Re: Why is everyone starting an exchange? Post by: Kiki112 on January 15, 2014, 09:35:32 PM isn't it logical? because they can make money from it :D they take a share from every transaction which makes them income, why wouldn't you start an exchange? :) You need a large volume of transaction none of these sites have that much volume where they are making that much. they're starting it in hope of growing in the future and that they become the new mtgox ;) Title: Re: Why is everyone starting an exchange? Post by: techgeek on January 15, 2014, 10:21:00 PM Maybe they feel like they can do it better? with a better service?
Who knows, it can be mark from facebook man, saying heck I invested so much in this. Mind as well start really good exchange. Title: Re: Why is everyone starting an exchange? Post by: skull88 on January 15, 2014, 10:27:37 PM I just don't get it, their are so many better ways of making bitcoins and yet people still are going to copy the exchange model over and over. Today I have seen 2 post on Odesk for virtual coin exchanges. Like come on guys we need creative people not 1000000 exchanges that do the same thing. That's exactly what we need, millions of exchanges that do the same thing!The reason is simple, taking down one exchange is easy, taking down millions is not. But we need a way those exchanges are linked together, because millions of exchanges without liquidity are useless. Title: Re: Why is everyone starting an exchange? Post by: Cryptopher on January 15, 2014, 11:39:17 PM No doubt that there will be more of these new "exchanges" performing vanishing acts overnight. Along with all them coins they gone and stole.
Title: Re: Why is everyone starting an exchange? Post by: Ruzka on January 16, 2014, 01:13:12 AM Because it's profitable, they just don't realize it's a hard thing to run.
Title: Re: Why is everyone starting an exchange? Post by: LiteCoinGuy on January 17, 2014, 07:37:34 PM more exchanges? even better :D
95 % will fail but there will be some good ones in the end. Title: Re: Why is everyone starting an exchange? Post by: BBQminter on January 17, 2014, 09:21:59 PM Because even after being hacked and losing your money, some of you are dumb enough to put more money in the same exchanges being run by grade school children. Those grade school children enjoy your money, and will continue to take it by putting together exchanges.
Title: Re: Why is everyone starting an exchange? Post by: Sindelar1938 on January 18, 2014, 03:08:24 PM Mimesis is easier than genuine innovation
Prob cos that's all they can come up with Title: Re: Why is everyone starting an exchange? Post by: E.exchanger on March 20, 2014, 09:39:27 PM Exactly and after the gox mess there are atleast 2 new opening everyday i don't why everyone is trying so hard to replace mox and if they are not then why everyone is either getting into building an exchange or announcing a new coin :P people needs to be creative or else a time will come when every city will have their own coin and local exchange ;D ;D
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