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Here's a couple from me:
- Ability to freely exchange between cryptocurrencies and the stock exchange. That would be rad.
- No fees. Believe it or not this is actually possible, for example Robinhood (a stock trading app) does not charge any fees when purchasing stocks. They way they do this is by investing the spare money in your account that isn't invested in stock.
I believe that both of these are opportunities for those of you considering starting an exchange.
people in crypto who are trading it, specially the altcoin traders have no interest in stocks. the profit you can gain in an altcoin is ridiculously high that you won't waste your money by making it stuck in a stock  My experience is that many (most?) altcoin traders also invest in stocks. |
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Lol yeah, ideally very easy. No username, no password, just send a wallet bitcoins and they send me whatever I bought automatically. I think no fee would be nice for the consumer but crappy as a business model. It wouldn't make much at all.
I believe Robinhood are doing pretty well financially actually. One thing they do to boost earnings is to make you wait 5 days before you can withdraw your fiat, making interest on it in the process. Pretty clever. |
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Here's a couple from me:
- Ability to freely exchange between cryptocurrencies and the stock exchange. That would be rad.
- No fees. Believe it or not this is actually possible, for example Robinhood (a stock trading app) does not charge any fees when purchasing stocks. They way they do this is by investing the spare money in your account that isn't invested in stock.
I believe that both of these are opportunities for those of you considering starting an exchange.
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What caused the crash in July to make bitcoin reach $1880? Anything specific?
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Cool, thankyou. This is amazingly complicated. It would be great if someone (me?) could do some D3.js visualization of it.
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What are some rough timelines before bitcoin lightning network reaches mainstream adoption do you think?
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Let's say Alice wants to buy a coffee from Bob.
A lightning node allows Alice to add collateral to it before approaching Bob, correct? And, the lightning node cannot steal Alice's btc because only Alice has her private key. So when Alice meets Bob, Bob sees that the lightning node has enough collateral from Alice, and Alice shows she has her private key by signing a transaction for the coffee. Once the lightning node reports back to the core network, the transaction will be recorded forever. Everyone's happy!
But then what happens if Alice then goes to the lightning node operator, Sam, and says: "I don't really want to pay for this coffee, why don't you take your lightning node offline, and never bring it up again." Then Alice's transaction never gets recorded on the main blockchain, and she gets to keep her coffee.
Surely there is something I am missing here.
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Kraken states "Customers with accounts registered in the United States are limited to a 28-day maximum financing term for maintaining open margin positions. Margin positions held beyond 28 days will be automatically liquidated."
what's up with this? is it a regulation thing? Why are people worried about surpassing 28 days?
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Two alternate theories: - BTC price will go up directly before the fork because everyone wants some free BCC. - BTC price will go down directly before the fork because forks are kind of scary. Which one do you think?  |
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The thing about Kraken in particular though is that the founder is already mega-wealthy, it's not in his best interests for it to go down in unpleasant manner because of assassination risks. Everyone knows who Jesse Powell is. If he has enough of it, he will need to wind it down slowly.
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Always go for a language that is far away from your own, else its just replacing a vocabulary.
good advice |
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Just email them directly, don't take my word for it. I'm guessing all states
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I'm the only one on my IP. I tried to post but got the message 'The last posting from your IP was less than 360 seconds ago'. Is there some way I can find out who else is on my IP?
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Preferably based in the US
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Ok, I got the actual deal from Kraken (you can email them).
They ARE a registered MSB.
However they AREN'T insured, either for fiat or BTC.
I understand that insurance for BTC might not be easy, but it's seriously lame that there's no insurance for USD stored - it can't be that hard. Anyone who is thinking about opening up a competing exchange in the US, you should do it because that is a dealbreaker (and insure for USD obviously).
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After selling BTC, it seems kind of sketchy to just leave USD sitting in an exchange.
Where is a good place to keep your money in USD or an equivalent currency/ETF that tracks USD? Other than your personal bank account, I mean - looks suspicious when there's large amounts going in/out all the time, even though you're doing nothing wrong.
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If an exchange gets attacked, is the USD in your account any safer than the BTC do you think?
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If Kraken gets hacked, is your investment protected by government regulation? If so which one?
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We all know about MtGox, etc. But what's the situation with traditional forex firms if something goes wrong and they subsequently liquidate?
I'm assuming you don't lose your foreign currency. In the US, what are the regulations that enable you to recover your investment?
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