Bitcoin Forum

It states: "Will Ver’s Exchange Help to Reduce Dependence on Bitcoin (BTC)? For now, Ver has only mentioned the idea of launching his own cryptocurrency exchange briefly."

Report: https://www.newsbtc.com/2018/10/09/roger-ver-hints-at-launching-a-bitcoin-cash-centric-exchange/ (https://www.newsbtc.com/2018/10/09/roger-ver-hints-at-launching-a-bitcoin-cash-centric-exchange/)

It is probably too late for Ver to join the crypto exchange market after the rise of Binance and several others. If the report is true Ver will use Bitcoin Cash as the base currency but why bother, Bitcoin was always going to win the battle against Bitcoin Cash.




UPDATE: 31st August 2019

Here is what the bitcoin.com website shows: "The Bitcoin exchange you can trust" but not many from the community trust Ver.

Yeah, bitcoin always wins the battle against Bitcoin Cash, that's why Roger Ver offers so "great" rates on buying of bitcoin on his website (btw damn, he has so great domain). Domain is Bitcoin.com but target is Bitcoin Cash, this man wants to change bitcoin with bitcoin cash, in reality when you visit bitcoin.com you dream there is information about bitcoin but falsely this person writes shit about bitcoin and promotes bitcoin cash, he is against community.
It's never too late but Roger has no chance, he won't support bitcoin, so he can proudly look how his another shit project sucks.

I think that there are few people who will trade on his exchange. Ver has a bad reputation.

He is not late at all. Roger Ver can potentially change the entire crypto exchange market if he does things right. Just because he would use Bcash it won't make the exchange will fail. Think like this: People use Doge for exchanges because its fast, and low fees. So if Roger does something that would convince people to use Bcash than anything, then there's nothing wrong with that. Right now what the market needs is a decentralized instantaneous exchange ,and if Roger Ver or anyone else for that matter develops such an exchange and does a great follow up on it, then we enter a new era of crypto.

this would not be a good move on his part, for someone who one day was a guy who promoted bitcoin and today want create an exchange that used bitcoin cash as the base currency it clearly sounds like he's hate bitcoin. with this move he wants bitcoin cash to gain attention and other exchange begin to implement bitcoin cash as the base currency. It is sad that he is still spiteful and very sad that there is bitcoin cash and so many other bitcoin hard fork  that has strange objects and that only serve to enrich their creators

His reputation is in shambles, I don't think this will be even close to successful.

I don't think that it's too late to join crypto exchange market for Rodger Ver. But I hope that his project will fail, or at least wont become popular. I just hate ways how is trying to promote Bitcoin Cash and call it as real Bitcoin. Well, I have nothing against BCH itself, but I'm not going to support Ver business. Now original Bitcoin is described as Bitcoin Core on Bitcoin.com, and at the same time buying of Bitcoin Cash is "Recommended" on this website. It just confuse new users and Ver can benefit fom it on bigger scale by starting new exchange where BCH will be main currency.

It will be hard for him to get traction if his exchange doesn't differ from others and doesn't offer anything special. But he could still beat Binance to open P2P exchange (where funds are controlled by traders), similar to EtherDelta but supporting more than just Ethereum tokens.

Whatever he's planning to do - good luck to him and let the free market decide on his success or failure.


Who is creator of Bitcoin Cash and how exactly have they benefited any more than any other bitcoin holders?

Yes if this news is true he will use his bitcoin.com domain name to push Bitcoin Cash and his exchange but I think it will be difficult for him to succeed because there are too many exchanges already out there.

He's got money for advertising, but that's really about it in my mind for Roger's exchange if it ever comes out. I can only see this being a regular old exchange with KYC that everyone hates and all the basic features of an exchange, perhaps with a few BCH oriented functions on the site. Perhaps this might gain a legitimate userbase initially, but I can't see this being too successful in the long run.

His reputation might be the reason his exchange might never get started in the first place.

His war with Bitcoin will be his own downfall unless he apologises to the community for trying to destroy Bitcoin. His Bitcoin Cash failed to dislodge Bitcoin so maybe now he will try something new...

if Ver can give something better than what currently exists, why not, there is already exchange for btc and dex for eth, we will be pleased to have an exchange for the bch.

The type of person who winds up on Bitcoin.com knows nothing about him or his reputation.

I think he'd be bonkers to try it in this day and age. Five or more years ago maybe but now the demands will be too much to be successful from scratch. He'd be far better off partnering with an existing exchange. He taps into expertise, they tap into the saps that come to his site. I'm not so sure they'd be willing to bend to his odd will though.

Everyone but please, not this guy! :D, By the way, he is already an investor in Kraken and some others companies.  A crypto exchange for him <ill mean a marketing tool to brag about bitcoin cash, trying to fool people to say it's the real bitcoin. He will probably use Bcash with all pairs but not the same with BTC xD

The exchanges he has invested in are not stupid and they're not charity cases.

If he starts attempting to get them to throw their business away to service his grudge they'll tell him to fuck off. Somewhere of Kraken's size will have some very significant investment from elsewhere and it won't be happy if he starts to meddle with it.

If he wants to continue on his doomed quest with an exchange that defies the laws of economics he'll have to create it himself.

You raise some interesting points but if memory serves me correct Ver was an investor in ShapeShift, now look at the state of it.

With his reputation and track record I doubt he would contribute anything positive as all he does seems to have undercurrents of his desire to either control Bitcoin, to take over it or destroy it.

If its to join in on the exchange market, I don't think its too late for anyone to be on board. Even people who don't have the kind of assets Roger Ver has, are launching series of exchange sites everyday and they would surely carve a niche for themselves. For Roger, it might be tough but the little goodwill he has been able to garner would surely worth something when he launches.

Helping to reducing dependence on bitcoin is a far fetching dream that I don't see happening any time soon. When people launch any platform, you do so because you want to meet a need in the market not solely because you want to end the reign of another product when one does that, he would only be carried away with policies that would want to meet up with the other rather than growing at its own pace. In the end, its going to end up being a futile journey. I don't any special effect his exchange is going to have that would be more than the major exchange sites we have combined for it to reduce the dependency on bitcoin.

if he tried to replace BTC pairs with BCH, the exchange would fail miserably. traders would avoid it like the plague. altcoin traders are trying to profit in bitcoins, not bcash. :D


i don't think the situation with shapeshift (or its direction) has anything to do with roger. i bet shapeshift was getting a lot of heat from regulators (probably in the USA) for not implementing KYC.

side note on that---now coinbase is even requiring KYC just to send/receive crypto. something larger is amiss here.

Man, this guy is ready to do anything. He could run in the street naked if it could help. Remember a few months back when he posted manipulated photos on Twitter from a conference in Hong Kong.
Creating an exchange is perfect for him, in fact I would like to see him creating one to then watch for him on social media

We all know what Ver thinks of Bitcoin and most of us made it clear what we think of him and Bitcoin Cash.

He would be under no obligation to use Bitcoin as the base currency or Bitcoin in any capacity, it would be his exchange if he chose to launch one. The question about it being commercially viable is more apt because of the saturated crypto currency market..

Numbers don't matter (somehow insignificant) but instead, having an exchange that's secure enough is the key and that's where he's lacking:


- Most likely he'll go with the latter option (partnering with someone) but regardless of that, he's getting involved in way too many things (really annoying).

---

Greed.

Bitmain is it. That company is the main source of wealth and backing that BCash relies on. If Bitmain pulls back, BCash will turn into BTG within months.

BCash represents both an attack on Bitcoin (which failed), and a backup SHA256 network allowing redundant gear to keep hashing in a profitable manner (which they succeeded in).

How exactly have Bitcoin holders benefited from BCash other than selling their fork coins? It's not just free money that's handed over to them; if the attack succeeded Bitcoin would have proven to be easy to attack and take over. It was straight Russian roulette with potentially a catastrophic outcome. People don't realize how bad the situation at that point was. It's the first ever corporate takeover attempt.

Agreed. So many of the community would not even bother visiting his website or exchange because of the way Ver behaved towards the community in the past.

On just how many times he do attacked Bitcoin and make some diversion of making people fooled into misleading information about Bitcoin then i would say that trusting him up
wont really be that easy unless if you are a fan of this d*ckhead then you will really use his exchange but majority would really have negative impressions about him.This wont succeed for sure.

I wouldn't necessarily say that.

His bitcoin dot com wallet has over 1 million downloads in the Google Play Store. If even 10% of these downloads come from ignorant users not knowing what's going on, that's already an important gain for him.

Imagine how many average joes will install that wallet during the next bull run resulting in more mainstream adoption. These people don't know how bad of a character Roger Ver is.

He may be out to bank on the next boom by having an exchange built in his app, which admittedly could work out well. Time will tell if these are raw ideas or actual plans he's going to put all his time and effort in.

Even if Bitcoin Cash becomes the base currency of any exchange I doubt very much it will do any damage to Bitcoin. Like you, I cannot support any business that Ver is involved in because of the damage he has tried to do to Bitcoin.

considering how big their bcash bags are, i don't see that happening. :D


it was a pretty brilliant plan to address their oversupply of hardware. if they're using obsolete hardware to point at bcash, their mining costs are probably exorbitantly low. people (including me) always clown them about their bcash bags, but it's probably not as bad as it looks.


i really don't think it really was a takeover attempt. XT, classic, BU were because they purported to decide hard fork validity based on hash power.

bcash was spun up at the last second before segwit activation and got very little hash power support at fork time. looking back, i think it was really more about bitmain's redundant hardware and to some extent, the ability to use covert asicboost. i don't think anyone thought it was ever going to be "bitcoin" and it obviously wasnt going to be adopted as such on that super rushed timeline and with such little exchange support. i also remember jihan wu iterating early on that "bitcoin cash is not bitcoin"......

I think traction and momentum is not on his side, that is obvious because he has many exchanges trading US$ hundreds of millions a day, a fairly regularly around a billion for Binance.

Yes the free market will decide the success or failure for any business but not everybody will wish him good luck because of his previous attempts to destroy Bitcoin by creating Bcash and trying to claim it is the "real" Bitcoin when it is nothing except a fork.

It will probably a good way to give funds to other good projects on Bitcoin Cash.

I agree, if any new exchange follows the same format of KYC and trade then it will not be doing anything different so the chances are it will not be successful.

Maybe Ver will decide not to launch an exchange because many people do not like anything associated with his name and reputation.

it partly depends on how many people land on bitcoin.com and what type of people they are. i have no idea about that stuff, but it sounds a lot more lucrative than a news site and forum. i'm sure roger is also considering what kind of promotion he might be able to give to bcash (and projects built on it) by launching new markets for them.

in the current environment, the market feels saturated. but in terms of volume and growth expectations, it's a better time now (or in the near future) than at the top of a bubble---like when circle purchased poloniex and the global volume decline set in.

In that case yes why not, it would suit many BCH holders to use that exchange but for those that still do not forgive Ver for trying to kill Bitcoin and for the fact Ver never apologised means that they will never use any business or service connected to Ver.

Whatever the reason for being hated of Ver which is too many reasons IMO. But this is still a good move though --having more competition in the exchange market.
If this exchange will be as good as binance did or much better then why not use it? Just expect BCH will be the trading fee or even the withdrawal fee.

But if he will continue to spread lies about bitcoin --make BCH as bitcoin. If the exchange will be like hitbtc or any crap exchange. I guess only BCH fanbois will use that exchange. If ever~

Yes I agree, competition should create a healthy atmosphere and market but when Ver uses bitcoin.com domain to confuse people in to thinking Bcash is Bitcoin then there are problems.

About HitBTC, it may not be a great UI but what cannot be denied are the stats, it is a successful site trading millions per day. As you say, maybe Bcash fans will jump in head first but most will avoid it at all costs.

Did Ver ever get his exchange started? Any news on this?

There were no news on Ver launching an exchange so we can still say that he havent made one yet because if it able to go through it would create some buzz that everyone would know.

This became BCH's version of localbitcoins I believe.

This already exists: https://local.bitcoin.com/

I think this one is different. Basically, a crypto exchange, whereas the main trading pair is BCH/coin and not BTC/coin. Quite a bold move for something that I think has low demand and could end up having very very low liquidity. This dude is definitely doing everything to uplift BCH. While I personally don't like and don't hold BCH, his dedication is surely something.

Thank you for the post.

I see BCH as a failed attempt to dislodge Bitcoin. It failed badly.

As for the website (https://local.bitcoin.com) it seems a half-hearted project to show people BCH is widely used when the reality is it is only a market place, hardly a real exchange.

I actually think it's a decent alternative to LocalBitcoins(due to KYC). Fortunately and unfortunately though(depending on which side you're on), I don't see local.bitcoin.com to be up and running without KYC/AML for long at all. If it gets big enough, it will receive the same government treatment that localbitcoins received.

Unless they don't adhere US/EU laws, in which case it should be interesting to see what happens (?)

I'm still waiting for a P2P platform that isn't hosted in the US/EU.

Both paxful and LBC are, and i really don't understand why. Wouldn't it be much smarter to incorporate in Seychelles/Vanuatu/Another offshore country? Less taxes, less regulation that you have to push upon your customers..

It's not like you need a bank account anyway, as all your "profits" are in BTC.
Perhaps i'm thinking wayy too simplistic about it.

Yeah, I'm not crazy about BCH either and I only have some BCH dust in a wallet.  It's definitely done better than I figured it would do when the fork happened, though it's certainly no BTC.

Roger Ver seems to me like a crazy man, but there's always a thin line between genius and insanity--I don't know where on that spectrum he falls, but listening to his words on a video I saw he seemed to be a bit delusional. 

That'd be nice.  I wouldn't care where it's located.  US or Europe would be fine by me.  Something P2P would probably be much better than the shady exchanges already in existence.  It's so hard to trust any of them.

I would agree with you that if a non-US/EU based company ran their service on a non-US/EU based server - what would happen? It would say that would be governed by the local jurisdiction they are based in (and where there server is located if it is in a secondary location).

The fact the taxation is tiny or non-existent in certain jurisdictions only adds to the need for such a service but we are still waiting to see who takes that first step in launching a credible website.

You still have to admit that BCH took at least some market share form bitcoin.  BCH is still top 5 and does billions in volume each day.  It has held up a lot better than most people predicted since many people said it would be dead by now.

https://www.bitcoin.com
https://messari.io/research/organization/saint-bitts-llc

https://www.bitcoin.com/

It shows: "The Bitcoin exchange you can trust"

It also shows: "Securely buy, sell, and build your cryptocurrency portfolio" and claims to be launching in 2 days

Looks like Ver is going all out to use the "bitcoin.com" domain to push out his exchange. Let us see what happens....

FTFY.
I believe he's trying to put some extra emphasis on Bitcoin Cash by showing everything related to BCH first and then Bitcoin. It looks like he made up his mind on trying to derail BTC fully and get BCH over and above anything that's been available out there to use BCH as primary crypto against BTC (I bet you'll see more xxx/BCH trade pairs instead or xxx/BTC ones on his exchange and I don't think this will get him better trade volumes against his opponents like Binance who are already ruling the industry). But anyways, he is just another Crack Sight Craig Wright for me.  ;D

I wonder why Satoshi didn't buy this Bitcoin.com domain when registering Bitcoin.org?  ???

It think the main reason was that at that time it simply wasn't available for registration. If you look at the whois links I provided below, you'll see that the .com site has been registered 227 days before the .org site.

http://whois.domaintools.com/bitcoin.com

http://whois.domaintools.com/bitcoin.org

That being said, .org domains are generally better suited for non-profit organizations, which is kinda what the bitcoin.org site is. .com domains are usually more appealing, but in this case the .org site is known to be the original site.

Why would be so surprised? Since the beginning they already done foolish things just to derail the masses and trying for people to believe that BCH is the true Bitcoin.
So its not new if he would have much more BCH pairs on his own exchange but as expected this wont really just get any attention.Binance is so hard to compete.

Atleast the real Bitcoin got back the @bitcoin twitter handle recently.  It was a shame to see www.twitter.com/bitcoin spewing out bcash related garbage for the last few years.

Don't get goxxed! https://twitter.com/i/status/1167414413349011456

I do not hold or even support Bitcoin cash, this coin is also profitable but I am supporting the community's cause of not supporting Bitcoin Cash and Roger Ver because of trying to manipulated and deceiving the community.

And I believe his exchange is not going to be competitive because Binance and other top exchange are going great and they might boycott his opwn version of Bitcoin.

binance is segregating their user base, banning USA traders. so the liquidity on binance.com is about to take a huge dive. this is actually a great time for bitcoin.com and blockchain.com to launch their exchanges.

nobody is boycotting BCH.


sounds reasonable, but unless an exchange actively prohibits USA residents and takes effort to prevent them from using the service, the USA government will always take the position that they have jurisdiction over them. just look at what happened to BTC-E or 1broker, and now bitmex is being investigated too. any service that gets big enough will be in their sights.

and actively prohibiting USA residents means lots of liquidity providers and casual traders will avoid the exchange. a requirement to dodge terms and use VPN will be a deal breaker for many. catch-22.

Yep its going to be reasonable to use BCH as base of course its his coin. This is going to finally a fact slap to him when he finds out there will be no volume to the coin. And that his is the only person and his best friends Craig with hundreds of bots trying to keep the trading alive by himself while all those who mine are selling all the time.

I don't think Binance will drop Bcash, especially not after the shit they went through for delisting BSV. Delisting another controversial fork will only make their case stronger because it is somewhat similar to censorship.

Another thing is that when you delist a coin from a liquid exchange such as Binance, it becomes much easier to control and pump. It's better for Binance to keep it listed so that Roger's scam pumps can be exposed nicely.

I have to say that the rebranding of bitcoin dot com looks shit. From a site resembling Bitcoinness to a site not resembling Bitcoin aside from its domain name. Great job Roger!

Some thoughts on his exchange here albeit from an avowed hater - https://twitter.com/WhalePanda/status/1169916913373327360

Weird volumes, BCH gaming in chart placement, high withdrawal fees. KYC is optional for now up to certain amounts.

I think I'll give it a pass.

Yes I also wondered why Satoshi did not register the "bitcoin.com" domain. And how did it get in the hands of Ver? If he did not register it it means he purchased it from the original owner.

As for Ver using BCH pairings of BTC pairings, it will probably do nohing to dent the popularity of Bitcoin and will probably not contribute anything to making BCH a viable alternative.

It seems clear BCH lost the battle. The BCH fork that was created by several people (after they threw a tantrum when they could not control the direction of Bitcoin) has failed to dislodge BTC.

If you buy the .com where does it end? The .org  is enough. The rest of the world can take care of the remainder.

If I remember rightly bitcoin.com was owned by Star Xu of okcoin or something and there was some wittering about legal stuff regarding its lease.

Considering how much he's put in Rog must own it properly now. Bch has indeed lost but it's still a sizeable alt. Maybe they should concentrate on that but we all know they won't.

You think the US chaps are the only people who have been trading on Binance?

You must think this is still 2009-2011 ;D

Banning USA traders and those from other countries was the best thing binance could do to play safe from the Legal point of view.

Do you have any idea how much the SEC and other bodies have been witch hunting Exchanges and other crypto related services that were serving even US residents? or you are just gullible and think that they just shut down their service all of a sudden because they just don't want US resident?

As for Bitcoin.com and their exchange... those are just the last kicks of a dying horse

I never knew the background of the bitcoin.com domain so thank you for the info :)

I have to agree, BCH is still a sizeable altcoin even though it never stood a chance when it tried to take on Bitcoin because of the perceived greed of Ver and Wu. And I also agree, instead of them concentrating on BCH as an altcoin they will still try to pass off BCH as the "real" Bitcoin but it is really not as everybody knows.

this hadn't occurred to me. i guess roger might hold off on full KYC as long as possible given his political outlook. you can withdraw up to 5 BTC monthly without KYC---enough for me to add into the mix if liquidity is okay.

i hate to say it, but with binance forcing full KYC (including social security number!) on traders in the USA, bitcoin.com is looking slightly more attractive now. is USDT the only option to hedge fiat value though?

At some point KYC will be a legal requirement and then things will not looking so attractive for those thinking of signing up on Ver Exchange

What is the current unique selling point of the Ver Exchange for the end user?

That (for the time being) people get a fee rebate.

People need to be aware of the fact that when you KYC verify yourself on that platform, you are basically doxing yourself to Roger Ver and his crew of evil scammers. Every (negative) word that you ever said about Roger, be it on this forum or outside, he now has everything he needs to sue you for that or do some other shit that you won't like.

Think about it, who would be happy to give their KYC to Ver and his team?

It would probably be wise to use an exchange that is trustworthy and has a great reputation rather than a "new" exchange or one that is associated with people that the Bitcoin community are not exactly happy with.

Roger is a someone who's dislike for governments is definitely going to make him at least try to find a loophole somewhere to still offer KYC free use, but then obviously in a limited form.

The main selling point is what I consider his domain because it makes people somewhat trust the entity behind it without even knowing who that is. Roger is well aware of how powerful that domain is and isn't shy to abuse it.

I have to admit though, Roger is a work horse. Say about him what you want, but he's adding so much value to that shitcoin that it is pretty sad to see his efforts go to waste. Too bad he turned into a jealous ex.

sure, at some point, but given that the exchange just launched, we probably have a year or more before that happens. that's a very long time in the crypto space. i'm thankful for it.


exchanges everywhere are clamping down on offerings to USA residents. binance.com just banned us. so for casual traders like me, it's the lack of KYC. the promotional fee rebate is incentive for whales to trade there but it's not a huge draw for smaller traders.

Personally I think Ver and his connection to Bitcoin and the stories of what he did when he purchased in bulk @$1 each years ago are a bit overrated. It seems he is far too temperamental a character to bring anything to the table.

Ver never made Bitcoin and it would have been a success without him obviously BUT it is true that Bitcoin made him very rich. If he had stayed on-board and not behaved like (as you put it) the jealous ex then maybe the BCH-ABC/BCH-SV market capital would be added to Bitcoin as they would never have been created.

If his exchange is currently KYC free and it suits people to use it then that would be a selling point but not a unique selling point. As for the domain, now that is a really big thing. It will bring in lots of customers who are new to crypto world but the ones who have been interested in crypto since many years ago would probably skip it. That domain is a unique selling point :)

If there is money to be made, believe me, many people are willing to go to an exchange platform with their eyes closed, especially those from Tier 2-3 countries and/or those who don't care about giving their identity for a few bucks. They feel safe in a way by thinking that'it's something serious bla bla bla, you know.

Roger Ver is like cancer, unfortunately, nothing can be done and the domain name is his fatal weapon and he will never let it go. The saddest part is when his site is used to make Btrash look like the real Bitcoin. Its "educational" videos (or rather "introduction") on the website is misleading people at a point that any newbie grabs the story.

Most people don't know better because the ordinary user isn't familiar with his anti Bitcoin politics. If people are so easy with giving their personal documents to a scam ICO (of which they mostly already know that it is a scam) that is asking for KYC verification, then they surely will with an exchange that seems rather normal.

Definitely so. Plenty of exchanges to use. And it's not just because the Bitcoin community isn't happy with the people behind that exchange, but there actually is clear evidence that they are trying to not only mislead people, but also scam them.

I had no idea Binance banned USA customers.

So is that a new law in the USA? It is the first I heard about it.

Say for example if Coinbase is allowed to act as an exchange for US based users then why is Binance (and others) banned?

They've banned Americans from their regular exchange and opened a new one for US customers that I presume will be more uptight.

Binance are covering their arse. They've always not given a shit about regulation but it's finally dawned on them that dicking with the US is not sensible. Their non KYC up to certain amounts isn't a good look. Though in many parts of the world regulars don't care enough, they will in America.

Tons of places reject Americans rather than accommodate them so it's a constructive move.

I have to agree with you when you say that Ver did try and still does use the bitcoin.com domain to try to make his BCH look like Bitcoin - a failed attempt at passing it off.

As for comparisons with cancer, there are probably better ways to for explanations and analogy but when it comes to Ver it really is difficult in some cases for people to forget how he seems to have bit the hand (Bitcoin) that fed him.

they already knew that from the start. it was a brilliant plan to grab market share: launch during the bubble right after bittrex added mandatory KYC, let people trade without KYC for 2 years and benefit from all that USA liquidity leaving bittrex/poloniex, then go "legit" after attaining dominant market share. the fact that bitfinex is still standing tells me they'll get away with it.

It goes without doubt that most users are not aware of the political background of Bitcoin so you are correct there but they need to be very careful of sending their KYC to any exchange. Research and due dilligence are essential.

Do you think newbies would be happy sending their ID to Ver and his BCH exchange? Maybe... but will people who know the background be equally happy to send their ID or use that exchange - probably unanimously "no"

Well, obviously no one is happy when it comes to sending ID and whatnot to an exchange (or pretty much any other service or entity), but people's priority is to trade and profit. If the goal is to get rich, which applies to a lot of people in this space, then they take it for granted and just please themselves with the thought that it will be worth it.

As for the more adapted Bitcoiners, most of them will not send their ID to Roger Ver & Co. Some will probably be using that exchange KYC free until that perk is no longer available to them. I just can't see myself do that.

I think the biggest boost of users will come from their CMC listing. It's going to be interesting to see if they will participate in the wash trading war to make it into the top 10 of highest volume exchanges.

why haven't they been listed yet? i keep checking every couple days out of curiosity. they aren't integrated into tradingview etc either so you need to create a bitcoin.com account to see volumes.


bingo, it's the only thing this place has going for it. once the rug gets pulled out and people are forced to KYC, everyone will leave. remember how bittrex once dominated the altcoin space? now it feels like a ghost town.

Some allegations are already emerging that they're inflating reported volumes: Bitcoin(dot)com Crypto Exchange Posts Dishonest Volumes (https://bitcoinist.com/bitcoindotcom-crypto-exchange-posts-dishonest-volumes/)

Sharing order books is fine, but reporting the volume of other exchanges (HitBTC and others) as their own? That's pretty sketchy.

Binance are doing well to cover themselves because they will be ripped to shreds by the SEC if something goes wrong and they fall foul of US regulation.

They should not be listing BNB. That smells very security-esque to me.

Binance have something of a history of being both slapdash and arrogant. I hope they have some American minds on board who are winding those characteristics in otherwise they'll get a firm slap upside the head.

They will probably do whatever they can to protect their US based interests, stands to reason. We are taking about companies worth billions and trading billions of USD$ every year.

Listing their own BNB on their own exchange in a US based environment does seem a bit strange given that US regulators will be looking at everything.

Binance is obviously taking a contrary position. They are trying to prove that BNB "powers the Binance Ecosystem" (https://www.binance.com/en/use-bnb) and that it has a multitude of use cases. The utility token argument, basically.

I don't know how legally sound their position is but I get the impression that the SEC has bigger fish to fry.

It's shady for sure, but not the worst thing in the world either. I'm pretty sure that Roger has more up his sleeve, which I expect to take off a couple of some months before the block halving. BCash has been suspiciously calm in terms of price action with how fundamental the block halving event actually is. His exchange will come in handy to prop up prices.

I must admit that Roger is a fighter. This dude is relentless when he wants to achieve something. Great characteristic if he used his resources the right way.

The SEC will not be fooled by anybody or any company no matter their reputation, influence or background.

Binance will not be having it all its way when it comes to the USA

I'm sure you're right. The subtle misrepresentation through Multiexchange is just a taste. To be fair, the exchange industry is cutthroat and riddled with unscrupulous actors, so it's tough to go 100% by the books and still be able to compete.


Binance.com's conspicuous exit from the US market already spells that out. I just think the SEC has already pressured them plenty behind closed doors. As long as they get in line now, they're probably looking at slaps on the wrist for past behavior.

I am certainly not a fan of Ver - past history of my posting related to Ver and BCH will attest to that and I have no intention of ever signing up to his exchange but keeping that aside, the exchange on his website looks different from the usual formats of Peatio based exchanges out there. Maybe it is Peatio based, I do not know for sure as I did not check too deeply but the layout of the exchange (software/UI) does give it a toally different feel from the usual ones out there.

It seems like Ver has used a fraction of the millions he made by striking it rich with Bitcoin to have developers create his exchange and they seem to have done a good job. Having said that, why is he getting in on the exchange act now when he had ample opportunity to do so years ago?

If CZ did work for Ver once upon a time and then left to start his Binance project then maybe there is a bit of that "what if" envy in the eyes of Ver and now he might be chasing some of those $billions or $hundreds of million trading volumes that genuine exchanges transact and fake exchanges claim.

In my opinion Ver has joined the party too late and by now using the bitcoin.com domain to show an exchange related website rather than the previous ridiculous "BCH is Bitcoin" website does not mean much.

Having an exchange was one thing that was missing from the resumé of Ver and now he has it I just do not see it bringing him the daily $millions of profit he probably hopes for and I do not see it bringing Ver the recognition he so badly craves from the community.

The community will not forgive and forget so easily especially when Ver declines to even accept his past faults and mistakes.

It's near impossible for someone to admit past faults and mistakes when that person doesn't consider them to be that. He put blood sweat and tears into Bitcoin early on, and now he feels that he has been robbed by the big evil BlockStream (which nowadays is no longer as influential). He now carries a grudge against any entity he considers to be responsible for Bitcoin to not scale on-chain.

Roger is too damn deep invested in BCash to come back to Bitcoin. I would forgive him though if he did. I'm sure he isn't inherently ill minded, just feels he has been treated unfairly.

If he were honest and open about creating BCH out of spite and if he admitted using the bitcoin.com domain in a manner that was out and out counter productive to the cause and if he was open about his reasons for holding animosity towards Bitcoin and Bitcointalk then it would be a great start. If that were the case many people would welcome him back in to the community with open arms and many would be hesitant but unfortunately there is no sign of Ver backing down from him standpoint. Over time people change and so do their opinions, may Ver will too one day.

Regarding his exchange, has he joined the party too late?

Roger has been suckered into it I believe. BCash started off as mainly a Bitmain product to have another large SHA256 network operational, all to recycle the older gen miners that were pretty much useless to mine Bitcoin with. It's a smart business move on Bitmain's side. Jihan must be happy with Roger taking all the credit and blame for everything.

It's too early to say, but even if that exchange isn't really successful, he can use it to prop up BCash. In that regard, I'm curious to see how the other more reputable exchange will react to the price activity on his exchange; will they ignore it or follow suit? Time will tell I guess.

I think it's still all to play for regarding exchanges especially non fiat ones.

There's been enough that were impregnable once upon a time that are nowhere now.

I don't think he's going to do much until he lets the bch thing fade into the background and just concentrates on making a decent exchange.

Dunno if he's willing or able to pull that off.

Non-fiat exchanges will be in demand for sure because the element of KYC varies from region to region and from exchange operator to exchange operator. As long as there are people that can trade freely without the need to send their ID to exchanges there will be a demand for them.

I cannot see Ver allowing BCH to just fade away but he will probably make a very big success of the exchange because of the bitcoin.com domain

I think so too. If you look at how much work and money he put into promotion and adoption, he surely is convinced that it will succeed. It's not a get rich quick thingy for him because it made him lose more than he gained.

He must have been a very large buyer when the ratio was still between 0.10-0.20BTC. It's not fiat he used for that, but his precious Bitcoins. He burned himself because of his believe in payments being the most important aspect.

This exchange is his last weapon in terms of pumping life back into Bcash. If this fails then he has done everything he could to try make it work, but there simply doesn't seem to be any demand for payments.

Whether he bought any BCH or not is not that important because (like other Bitcoin holders) he would have received an equal amount of BCH when the fork was created and he would have had thousands of them.

It has to be said that BCH is still a top 5 crypto by market capital and cannot be written off even though it is clear Ver lost the battle in trying to make BCH supreme over Bitcoin. If utilised properly BCH does have a future but Ver is obsessed with trying to pass off BCH as the 'real' Bitcoin.

If Ver changes direction and lets BCH develop its own path without trying to claim BCH is Bitcoin then BCH will probably be around much longer than if he keeps up the confusion.

Will Ver accept he failed in the attempt to dethrone Bitcoin?

How is it not important? He is clearly of believe that Bcash will become the dominant coin in the long run, and with how the ratio peaked around 0.40BTC per coin, he might have gone nuts on Bcash before Bitcoin would become the minority chain.

For a moment the big block camp had more hashrate on their chain than Bitcoin, which scared off a lot of people. The fomo buying that was happening at that stage was beyond insane.

The moral of the story is that he holds most of his funds in Bcash and for that reason has an incentive to keep promoting it. Unless he converts back to Bitcoin, he will go down with Bcash, and that's something he is serious about.

As far as I remember he has stated in the past he has Bitcoin and intends to hold on to it. As for converting BCH to Bitcoin, it was one of the main plans that Wu was implementing as soon as BCH was being mined in mass quantities it was converted to Bitcoin.

Ver never stated how many Bitcoin he had but if he has for example 25,000 or 50,000 or 70,000 BCH which were received as a result of the fork then why would he need to buy any when he is already a whale?

Likely to control the majority of the total circulating supply. Bitmain started with less than 100,000BTC on its balance sheet, but ended up holding well over 1 million BCH. The very fact that BCH is still where it is today in terms of market cap and price, comes from how a few entities control most of what is in circulation as we speak.

1BTC gets you like 33BCH today. Roger and Jihan (and I'm sure there are a few others) can slowly usurp all these BCH with little to no effort. This will explode one day. I'm guessing somewhere before the block halving kicks in (which is scheduled to happen before Bitcoin's halving due to the massive inflation they had due to EDA). Same applies to BSV even though their finances don't quite compare.