[2014-07-15] CD: Japan Bitcoin Exchange Aims to Fill Mt. Gox Market Void

[LiteCoinGuy]

Japan Bitcoin Exchange Aims to Fill Mt. Gox Market Void

http://www.coindesk.com/japan-bitcoin-exchange-fill-gox-market-void/

BitOcean Japan co-founder and General Counsel, Daniel Kelman, explained the change of heart surrounding the name, saying:

“We kicked around the idea of using the Gox name because we felt that is would be best if we could prevent it from being forever a stain on bitcoin. We decided against using Gox because the damage has been done and is irreversible — we were all ‘Goxxed’ and, frankly, anytime someone in bitcoin gets ripped off from here until eternity it will be referred to as a ‘Goxxing’. What is important is that people realize bitcoin is not Mt Gox in any sense of the word.”


clever guys 

[cbeast]

They are really late to the game, and still using the untrusted MtGox IOU model. Either go brokerage style like Coinbase, or list decentralized colored coin tokens that diversify counterparty risk and offer leverage.