There is a significant volume decrease at most of the altcoins. Except some coins , nearly all altcoins have very low volume (@cryptsy especially). What is your opinion about this? Why altcoins' volume dropped?

I have some conspiracy theories , but I like most the possibility of all whales went to holiday

I wonder how many people out there have gotten as far as wondering where money comes from and who's running it. I would've thought it's just 'there' for many of them.

If you start with good amount you can easily make $100-300/day from daytrading and there is no need to work for someone else.

How the fuck can you not run a company beyond four months with $1.3 million.

Seriously, what is it with these people.

Excitement among tech startup people is a lot higher than the regular people out there who might use their products. I think they're overestimating how many crypto users there are right now. Netagio was another that closed due to lack of interest from actual customers.

Exchanges must be a bitch to run and make money from. Only a small hard core would use it multiple times a week. The rest might make one trade on occasion and that's only a fraction of a per cent for the owners. You gotta spend vast amounts on security and pleasing The Man let alone gain the trust of your customers.

It would be a worry if an established exchange shut down for lack of interest. This is another example of VC money going up in smoke without having gained traction.

 

Decentralized exchanges can be even more risky. Look at what happened to Silk Road 2.0, which was a decentralized market place. Hackers stole the credentials of sellers with good reputation, and then used these accounts to scam ordinary users.

No way! If you've got to read a book to be able to use BTC, BTC will fail. Did you read a book to use fiat money? You didn't and that's why fiat money has been so successful for centuries. BTC needs to reach that stage.

US bitcoin marketplace Buttercoin is shutting its doors, despite launching just four months ago with at least $1.3m in investor backing.

In a farewell post to customers today, the Buttercoin team announced the service will go offline this Friday (April 10th) at 11pm PST.

Stressing that it was "100% secure and solvent", the Palo Alto-based platform blamed a lack of VC interest for its closure, stating:

"With the dip in bitcoin interest among Silicon Valley investors, we weren't able to generate enough venture capital interest to continue funding Buttercoin."

Buttercoin's nine-person team had raised at least $1.3m from investors including Reddit co-founder Alexis Ohanian, Y Combinator, Centralway Ventures, Google Ventures and Wedbush Securities – though its exact funding total is unclear.

The interest in Bitcoin is stagnant from exactly one year!
Just do a google trend research...
What would you think it is needend to comeback interest on Bitcoin???

Obviously an increase in the value but what else?

Thanks.

If all that is true, I say, let it die. They did (or planned to do) some good things for Bitcoin, but overall it seems like a bunch of guys trying to boost their personal careers and pay themselves nice salaries despite poor revenue streams. If you can't properly manage - gtfo.

So the only question is how to go around with funding the core devs. This could work for now:


Props to Olivier Janssens for his post.

Thought of the day:

https://bitcoinfoundation.org/forum/index.php?/topic/1284-the-truth-about-the-bitcoin-foundation/


ps Cody Wilson was wrong, there was no need to disband TBF, looks like it'll collapse on its own.

i guess this:

https://twitter.com/jgarzik/status/584326303567912962

Must have missed something. What expose? Which news? Link?

The Bitcoin Foundation should be Destroyed

My words should not be mistaken as part of some centralization controversy. I’m not complaining that the Foundation is corrupt, superfluous, or has undue development influence. I’m willing to be realistic and admit the original intentions of the organization’s founders (Make dough with regulatory cover, bonus points for veneer of public respectability). Like any capable postmodern shysters, they couldn’t just rip us off. It was better to color the whole affair with a farcical civic-mindedness. To run around with this annoyingly earnest mien.

We find their type outside the Foundation as well. I still recall Jaron Lukasiewicz spreading his perfectly bleached asshole for Ben Lawsky back in July, only the day after BitLicense dropped:

    “…the BitLicense is an important asset that will allow us to provide US banking and regulatory protection to our target customer group. I’m happy to see the New York DFS making tangible progress towards offering the first achievable regulatory bitcoin license in the country.”

The first, but certainly not the last!

I say attack the Foundation because it is the think tank of the bitcoin counter-revolution. Its record (hey guys, this time we focus on core dev, for reals) is and will continue to be the (re)production of the state-form in bitcoin thought. Yes, the State-form. That reef on which the revolutions of the past two centuries ship-wrecked. Unseen by the hapless steersmen who with their organization set sail in the name of technological libertarianism.

But bitcoin isn’t ideological! Some stripling yips, dimly aware the slogan is NATO-grade BZ.

What to make of them? The mises-thumping market liberals, the high finance back-benchers, these… startup people. Each in his turn discovers modern political economy’s happy accident, a working stateless currency, and each continues the promotion of the State to de jure universality. They next rally around this word. Oh, you remember it. Every stunted little nequient and pasty oddity shrieks it in choral unison. The signature term of our gigantic Stockholm syndrome... 

Bitcoin was supposed to be decentralized and Zero trust instrument! Jesus whips scammers and centralizers!

Met a guy a few days ago, he told me he heard about BTC but he didn't quite understand how it worked. I guess I could have tried to explain (though, I'm hardly qualified for doing this) but I chose not too. Why explaining? Do people need to understand BTC to use it? I don't think so.

This very day, millions of people have been using a microwave oven, but I bet only a handful actually knows how this appliance works. I've read an article telling that millions of Americans are using Viagra. Everybody knows what it does, but who knows how it works? Same thing for computers or cars, most people don't know how they work, and they just don't care.

From now on, I propose we stop trying explaining how BTC works to people discovering it. The nerds already know about it, but to the general public, technology is not important. It's what you can do with technology which matters.

I shall just say that BTC is a new electronic currency, independent from all governments, which you can transfer safely anywhere and anytime fast and cheap.