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Title: Will centralized exchanges meet a demise like Mt. Gox? Post by: Swinging Phallus on October 03, 2017, 07:29:24 PM When bitcoin was forking into bitcoin cash the market went into insanity. The price of bitcoin nearly doubled in under a month and with this, bitcoin was taken as a huge threat. The SEC started investigating many centralized exchanges - most notably Bittrex. It seems so far that everything is running smoothly but I feel that this is a subtle foreshadowing of what might come. There is a residual feeling of uncertainty just reading Bittrex's report on the SEC investigation - a quote from the Bittrex report article says "We applaud the SEC in issuing its Digital Asset Investigative Report." Something is wrong here, why is a cryptocurrency exchange rejoicing in it's possible demise?
Title: Re: Will centralized exchanges meet a demise like Mt. Gox? Post by: candy27 on October 03, 2017, 07:36:47 PM When bitcoin was forking into bitcoin cash the market went into insanity. The price of bitcoin nearly doubled in under a month and with this, bitcoin was taken as a huge threat. The SEC started investigating many centralized exchanges - most notably Bittrex. It seems so far that everything is running smoothly but I feel that this is a subtle foreshadowing of what might come. There is a residual feeling of uncertainty just reading Bittrex's report on the SEC investigation - a quote from the Bittrex report article says "We applaud the SEC in issuing its Digital Asset Investigative Report." Something is wrong here, why is a cryptocurrency exchange rejoicing in it's possible demise? Source? I hadn't heard that Bittrex was being investigated at all. Title: Re: Will centralized exchanges meet a demise like Mt. Gox? Post by: bosses on October 03, 2017, 07:46:42 PM Well, I believe that the BITĖEX test was a good news for all of us. Trust in them will grow
Title: Re: Will centralized exchanges meet a demise like Mt. Gox? Post by: Swinging Phallus on October 03, 2017, 08:11:03 PM When bitcoin was forking into bitcoin cash the market went into insanity. The price of bitcoin nearly doubled in under a month and with this, bitcoin was taken as a huge threat. The SEC started investigating many centralized exchanges - most notably Bittrex. It seems so far that everything is running smoothly but I feel that this is a subtle foreshadowing of what might come. There is a residual feeling of uncertainty just reading Bittrex's report on the SEC investigation - a quote from the Bittrex report article says "We applaud the SEC in issuing its Digital Asset Investigative Report." Something is wrong here, why is a cryptocurrency exchange rejoicing in it's possible demise? Source? I hadn't heard that Bittrex was being investigated at all. https://support.bittrex.com/hc/en-us/articles/115000798731-Regarding-the-recent-SEC-Digital-Asset-Investigative-Report Title: Re: Will centralized exchanges meet a demise like Mt. Gox? Post by: Str1x on October 03, 2017, 08:16:34 PM When bitcoin was forking into bitcoin cash the market went into insanity. The price of bitcoin nearly doubled in under a month and with this, bitcoin was taken as a huge threat. The SEC started investigating many centralized exchanges - most notably Bittrex. It seems so far that everything is running smoothly but I feel that this is a subtle foreshadowing of what might come. There is a residual feeling of uncertainty just reading Bittrex's report on the SEC investigation - a quote from the Bittrex report article says "We applaud the SEC in issuing its Digital Asset Investigative Report." Something is wrong here, why is a cryptocurrency exchange rejoicing in it's possible demise? You can better be friends with your regulator than not. If the SEC wanted to investigate bitrex and close it down that would be worser than kissing their ... From what i can read from the article they applaud the SEC for the regulations around ICO's. T.b.h. it is a good safeguard for consumers to not fall in scam ICO's by somewhat regulating that side of the business. On the other hand regulators will never fully regulate the whole blockchain, so ICO's will pop from everywhere. Title: Re: Will centralized exchanges meet a demise like Mt. Gox? Post by: nitehawk on October 03, 2017, 08:18:00 PM Not everything should be decentralized. All of the decentralized exchanges I have used so far have horrible interfaces and are not a pleasant experience. Title: Re: Will centralized exchanges meet a demise like Mt. Gox? Post by: sensimilia on October 03, 2017, 08:51:45 PM Not everything should be decentralized. All of the decentralized exchanges I have used so far have horrible interfaces and are not a pleasant experience. Maybe now. But the more regulations, laws, and rules are in place. The sooner everyone will be moving to decentralized exchanges. Title: Re: Will centralized exchanges meet a demise like Mt. Gox? Post by: Swinging Phallus on October 03, 2017, 11:19:34 PM Not everything should be decentralized. All of the decentralized exchanges I have used so far have horrible interfaces and are not a pleasant experience. Same thing can be said about centralized exchanges when they first popped into existence. I think gradually there will be more and more progress. |