You're an exchange. No bullshit reasons like 'the tech, the future, great coin..'. None of that bullcrap. Volume matters first and foremost for an exchange.
We generally agree that volume is important, but our shareholders will likely always consider the broader implications of adding a coin. For example, at one point PayCoin was a heavily-traded coin that generated large volume, but exchanges that offered it suffered from negative publicity for enabling GAW's fraud. We agree that large-volume coins are desirable of course, but the potential volume will likely always be weighed against external factors attached to a particular cryptocurrency. Yeah, that's a given. What are the coins in your list so far if you don't mind me asking...
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As part of a newly published roadmap for the Bitcoin Foundation, executive director Bruce Fenton has suggested removing bitcoin creator Satoshi Nakamoto as a founding member. Though he called for the removal of all founding members from the organisation, Fenton singled out Nakamoto's inclusion as "not accurate", arguing that he or she was never involved in the group's creation. SOURCE: http://www.coindesk.com/remove-satoshi-as-founding-member-says-bitcoin-foundation-director/
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He didn't have to go there at this point. Fix the affairs of TBF first, then he gets to do what he wants even if its an unpopular decision.
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Well... At least we can relax a bit and get all our BTC away from the exchanges, that's for sure.
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Yup. All bitcoins are back in my wallets now.
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How could the mods allow this...
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Bitcoin Foundation Executive Director Bruce Fenton Outlines Plans for Improved Transparency at Inside Bitcoins NYC
Fenton’s push for transparency
A large chunk of Fenton’s presentation was dedicated to the Bitcoin Foundation’s need for more transparency. Two slides from Fenton’s presentation listed a number of different changes that the foundation will make to increase transparency over time. He noted that the plan is to make the Bitcoin Foundation “the most transparent non-profit organization in the world.” In addition to implementing the ten items for transparency from the Natinoal Council of Non-Profits, the Bitcoin Foundation also plans to include (or has already included) the following measures for additional transparency: Hash financial data on the blockchain in a permanent record using Factom Use Swarm for blockchain voting Use Coinsider for open discussion Member forums and interaction Access to executive director Bruce Fenton Published bylaws on GitHub 100% member elected board Fenton also stated that anyone who has ideas for how to increase transparency to an even higher level should contact him as soon as possible.
Supporting bitcoin development without funding it
A final point of interest that everyone should take away from Fenton’s presentation is that the Bitcoin Foundation will continue to support bitcoin development; however, that support will not be financial in nature. I was able to ask Fenton to clarify that remark during the Q&A session of his talk, and he pointed out a few different ways in which the foundation can continue to support development without actually paying developers.
The DevCore conference (a bitcoin conference that is more technical and meant for developers) was the first point that Fenton made in his response. Fenton noted that the foundation can also work with bitcoin companies, such as Blockstream and BitPay, to get them to work more closely on finding ways to privately fund bitcoin development. On a related note, Fenton also pointed out that it would not be wise to centralize bitcoin development at the Bitcoin Foundation. He claimed that it would be better to have multiple organizations supporting development rather than keeping centralized under one house.
For now, the focus for Fenton and the rest of the Bitcoin Foundation is on transparency. It will be interesting to see how the community responds as many individuals have already decided to give up on this non-profit organization.
http://insidebitcoins.com/news/bitcoin-foundation-executive-director-bruce-fenton-outlines-plans-for-improved-transparency-at-inside-bitcoins-nyc/32117
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I don't think circle gonna help increase the bitcoin adoption. Just one more payment processor company is showing up. It apparently will help merchants to dump bitcoin payment.
You'd rather Circle not operate?
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I come back after three months to see if bitcoiners had given up and gotten jobs yet, here is bitcoin news summary of the three months: 1. No news (other than bad) 2. Lot's of news (none good) 3. Scams, wasteful and inefficient mine losses continue as they always do, and always will until zero. There is not even a point enumerating them, like counting cavities in a meth mouth 4. bitcoin remains confined largely to darknet uses such as child pornography, drug and weapons sales and human trafficking funds for ISIS 5. The vast majority of people (99.99%) when asked, "do you bitcoin?" respond "huh?" whereas the remaining: "yes that's an obvious fraud" (0.009%) or "yes I have been defrauded" (0.0009%) or "yes I am a Chinese/Ukrainian/Silicon Valley hacker that defrauds with bitcoin" (0.0001%). Let's see...forgetting something...oh yes, price is 10% lower. Cheers! Obvious troll. I wonder why the mods aren't temp banning him to discourage these types of behavior. Time to improve the quality of this forum. I have to admit, I did my share of trolling when I got bored and got away with it. But if I was temp banned for a few days, it will discourage me from doing so. Nah, it will not work.... These trolls/shills hide behind newbie accounts, so they have nothing to loose. I believe in freedom of speech, and it's actually fun to proof these guys wrong. They disappear into their caves, when the price of Bitcoin increase anyways. Someone should just track and expose them in public, and make a fool of them... Anyone? I'm thinking more about the state of the quality of this forum. It's really low because of these trolls, sockpuppets and shills hiding behind newbie accounts. Or does Theymos all care about is the forum's activity not the quality...?
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How much is it today?
Just under 1 cent and couldnt be a better time to buy! Hard to say when. I mean seriously...
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You're an exchange. No bullshit reasons like 'the tech, the future, great coin..'. None of that bullcrap. Volume matters first and foremost for an exchange.
I just wanted to point out that since this is a decentralized business, the Blockshare holders will need to be the ones to pass a motion to support new cryptos on the exchange. They're the ones that will need to be convinced. I'm sure volume will be a major factor in voting for a coin to be added, but it's not the only factor as Jordan Lee points out below... Because B&C Exchange will be dependent on the blockchains of the assets it supports, only reliable blockchains should be supported. I suspect we will see more than 10 supported shortly after release.
That's a good thing. 3 - 5 coins with good volume and with reliable blockchains traded in a decentralized exchange? Why not... It doesn't have to be like Bittrex or Cryptsy where they have lots of junk listed with almost zero volume.
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I come back after three months to see if bitcoiners had given up and gotten jobs yet, here is bitcoin news summary of the three months: 1. No news (other than bad) 2. Lot's of news (none good) 3. Scams, wasteful and inefficient mine losses continue as they always do, and always will until zero. There is not even a point enumerating them, like counting cavities in a meth mouth 4. bitcoin remains confined largely to darknet uses such as child pornography, drug and weapons sales and human trafficking funds for ISIS 5. The vast majority of people (99.99%) when asked, "do you bitcoin?" respond "huh?" whereas the remaining: "yes that's an obvious fraud" (0.009%) or "yes I have been defrauded" (0.0009%) or "yes I am a Chinese/Ukrainian/Silicon Valley hacker that defrauds with bitcoin" (0.0001%). Let's see...forgetting something...oh yes, price is 10% lower. Cheers! Obvious troll. I wonder why the mods aren't temp banning him to discourage these types of behavior. Time to improve the quality of this forum. I have to admit, I did my share of trolling when I got bored and got away with it. But if I was temp banned for a few days, it will discourage me from doing so.
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Again, choice. Anyone can choose to hold BTC if they want. And to speculate, it won't stop there. Yuan could be the next available currency then hopefully more.
I must be missing something, I don't see why having the ability to hold USD, BTC and CNY in one place is a big deal when it's do-able already with exchanges. I'm not trying to irritate you, just trying to understand your point of view on this. So then basically they will be a US based, BTC-e with smartphone apps and a better UI? Basically, but your account is insured. That's the main thing I'm excited about because other exchanges and services will follow too. It's like Circle is setting the bar up for everyone else to become better. Edit: And Circle is taking being a Bitcoin financial service more seriously. Seeing that Goldman Sachs lead a 50m USD funding round kinda validates that. It's not like the other exchanges where they get hacked and some of them close. The latest with Bitstamp... The industry is becoming somewhat of a joke because of it. Services like Circle could change that.
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Thank you. That is what I was looking for. I will read the threads as soon as I get back home.
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Shills allowed after this post.
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You're an exchange. No bullshit reasons like 'the tech, the future, great coin..'. None of that bullcrap. Volume matters first and foremost for an exchange.
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The ones in the top 5 of having the most transaction + trading volume + total wallets/accounts.
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It does not really correlate with the price does it? I was asking what's going on in the lines of 'why are people dumping it?'. I mean it's easy to shill. Everybody shills in these parts. But what is really going on?
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