Bitcoin Exchange Gemini Approved for Launch in New York

[Mikestang]

Why do I have to vote to get 'my guy' in office? I don't want to force 'my guy' on you and I don't want you to force your guy on me. Why do I have to get the approval of the collective to be free?

This is the old way of thinking, the pre-internet way things worked.  We are at the forefront of a revolution where the masses will be able to govern themselves via the connectivity of the internet.  21st century politics is based on principles hundreds of years old, they don't apply any longer and it's up to us to start changing them.

[CoinBateman]

Why do I have to vote to get 'my guy' in office? I don't want to force 'my guy' on you and I don't want you to force your guy on me. Why do I have to get the approval of the collective to be free?

Voting gives the illusion that if the greater majority agree on something, then it is best. Of course, there are so many factors that can influence the majority of people. Sheep mentality, repressive societies etc.

[Enjorlas]

Why do I have to vote to get 'my guy' in office? I don't want to force 'my guy' on you and I don't want you to force your guy on me. Why do I have to get the approval of the collective to be free?

Because unfortunately that's how politics work.. If you don't campaign and, in your words, force some guy on another person, then there will be no majority that will vote for said politician that you believe in.

Hmm.. that's not really an argument. If I questioned the institution of slavery 150 years ago, would you say, "That's just how things are"?

[chennan]

Why do I have to vote to get 'my guy' in office? I don't want to force 'my guy' on you and I don't want you to force your guy on me. Why do I have to get the approval of the collective to be free?

Because unfortunately that's how politics work.. If you don't campaign and, in your words, force some guy on another person, then there will be no majority that will vote for said politician that you believe in.

Hmm.. that's not really an argument. If I questioned the institution of slavery 150 years ago, would you say, "That's just how things are"?

I really wasn't trying to present an argument, just stating the truth about the mentality of people today.. But as Mikestang said:

This is the old way of thinking, the pre-internet way things worked.  We are at the forefront of a revolution where the masses will be able to govern themselves via the connectivity of the internet.  21st century politics is based on principles hundreds of years old, they don't apply any longer and it's up to us to start changing them.

This is a very good point and a valid argument.  There are already threads on here that are promoting to find a way to use the beauty of the blockchain to be able to do this... Things are definitely starting to change by more and more people waking up to the reality of the corruption of the government.  So in other words, the politicians who get elected now have some effect on how things go from here on out in the short term of things... People working for a cause like working to implement a new voting system and a new government and way of life is what's really going to change the future.

[intristin]

wow, this thread got derailed, lol. Why are we talking about politics on a bitcoin forums? 

[fuddudle]

wow, this thread got derailed, lol. Why are we talking about politics on a bitcoin forums? 

Because Bitcoin challenges central governance and leans more on libertarian socialism.

[chennan]

wow, this thread got derailed, lol. Why are we talking about politics on a bitcoin forums? 

Because Bitcoin challenges central governance and leans more on libertarian socialism.

Libertarian? Yes... Socialism? No... Socialism is pretty much as centralized as it gets. If the US sees Bernie Sanders to be president in 2016, then I don't see things going well for the outcome of the US. Then again, I couldn't be able to tell, just a educated guess based on my political ideologies...

But what's going on with Gemini is totally related to politics, because the government is now mandating the exchange services for bitcoin are to fully subservient to the government so they can begin to track all purchased bitcoins and where they end up and who's using them. In the beginning, bitcoin will see a pretty nice increase in price due to the nice and easy access for bitcoins now in half the states in the US... but I believe this is going to cause some weird/bad things in the future.

[fuddudle]

wow, this thread got derailed, lol. Why are we talking about politics on a bitcoin forums? 

Because Bitcoin challenges central governance and leans more on libertarian socialism.

Libertarian? Yes... Socialism? No... Socialism is pretty much as centralized as it gets. If the US sees Bernie Sanders to be president in 2016, then I don't see things going well for the outcome of the US. Then again, I couldn't be able to tell, just a educated guess based on my political ideologies...

But what's going on with Gemini is totally related to politics, because the government is now mandating the exchange services for bitcoin are to fully subservient to the government so they can begin to track all purchased bitcoins and where they end up and who's using them. In the beginning, bitcoin will see a pretty nice increase in price due to the nice and easy access for bitcoins now in half the states in the US... but I believe this is going to cause some weird/bad things in the future.

Bad things such as what?

[NorrisK]

wow, this thread got derailed, lol. Why are we talking about politics on a bitcoin forums? 

Because Bitcoin challenges central governance and leans more on libertarian socialism.

But what's going on with Gemini is totally related to politics, because the government is now mandating the exchange services for bitcoin are to fully subservient to the government so they can begin to track all purchased bitcoins and where they end up and who's using them. In the beginning, bitcoin will see a pretty nice increase in price due to the nice and easy access for bitcoins now in half the states in the US... but I believe this is going to cause some weird/bad things in the future.

This might be, but it will be a tremendous amount of work to track all those bitcoins. There are so many ways to leave false trails (mixers, altcoins, giftcards, etc) it would be way too difficult to track all.

I agree on the beginning part, this will be very good for the current holders.

[fuddudle]

I can't imagine the Winklevoss guys would open an exchange, pump the price and then leave their new clients feeling less than happy.

My guess is, the silk road auction coming up will have 44000 btc up for grabs, and they'll likely want the price higher in lieu of that auction.

[LFC_Bitcoin]

Hopefully when this is all signed, sealed & delivered it will be bullish for the price. The Winklevoss twins are highly motivated in their bitcoin activity.

[Lauda]

Hopefully when this is all signed, sealed & delivered it will be bullish for the price. The Winklevoss twins are highly motivated in their bitcoin activity.

Apparently you only have to wait 2 more days for this. It's supposedly going to start business operations on Thursday (yes, this Thursday). The ETF however, is still on hold.

I can't imagine the Winklevoss guys would open an exchange, pump the price and then leave their new clients feeling less than happy.

That is very unlikely. There's more profit to be made long term, if that is their sole goal.

My guess is, the silk road auction coming up will have 44000 btc up for grabs, and they'll likely want the price higher in lieu of that auction.

44, 341 BTC to be exact which is currently valuated at ~$10m, will be sold on 5th of November.

[intristin]

Just a heads up guys, if you have any questions you want answered about this exchange Tyler Winklevoss is responding to every single question and comment over on this blog post: https://blog.gemini.com/and-were-live/ The comments section is a very intresting read.

[var53]

Jim Cramer just screamed "Boo YAAA !! "

Wall Street's answer to MtGox is what?  

...

another centralized exchange.  

yawn.  borrring.  

Wall Street's answer to MtGox is too regulated to Gox its customers. It's insured in case if it ever gets hacked, or finds its cold wallet has mysteriously leaked its coins, not that I think that's going to happen. Gemini is what Bitcoin needs to counteract all the damage Gox did to Bitcoin's image. I'd trust it 1000 times more than an exchange run by one fat bloke in Japan who's wanted for hacking crimes he committed in France.

[Mickeyb]

Jim Cramer just screamed "Boo YAAA !! "

Wall Street's answer to MtGox is what?  

...

another centralized exchange.  

yawn.  borrring.  

Wall Street's answer to MtGox is too regulated to Gox its customers. It's insured in case if it ever gets hacked, or finds its cold wallet has mysteriously leaked its coins, not that I think that's going to happen. Gemini is what Bitcoin needs to counteract all the damage Gox did to Bitcoin's image. I'd trust it 1000 times more than an exchange run by one fat bloke in Japan who's wanted for hacking crimes he committed in France.

I must agree with you. Exchanges like Gemini can only do good to us and they are necessary in order to fix all the crap that Mt. Gox has caused us and which all of the Bitcoin's opponents are so gladly remembering each time they have to bash Bitcoin all over again.

[freedomno1]

Was reading the techcrunch article and noticed this thread
It was about time it got approved so it will be fun to see if heavy trading volumes follow.

The platform will be open for trading this Thursday, October 8, but has already begun accepting signups.

Opens tomorrow apparently

[okae]

for me is really good that this exchange go out finally, IMHO this is just another small step to the adoption of the bitcoin, i was suscribe to his mailing list to check how was going on with them and seems like they are doing everything and faster possible.

i just hope that they open his doors to europeans, so we can start to play with them

I must agree with you. Exchanges like Gemini can only do good to us and they are necessary in order to fix all the crap that Mt. Gox has caused us and which all of the Bitcoin's opponents are so gladly remembering each time they have to bash Bitcoin all over again.

i hope so, they seem to be really good, lets see if they dont fu*k it later

[7788bitcoin]

Glad that the long waited exchange is finally launch. I think the team worked hard and didn't rush through the timeline. I am confident that it will become one of the major exchanges in the very near future.

[LiteCoinGuy]

[VCLChief]

While this is definitely positive, how more exchanges do we need?

Crytpsy and Bitrexx volume is off approx 85% for their peaks.   

The excitement is like when Coinsetter was announced...and now you never hear anything about them.

Not a game changer.
 
A fully decentralized exchange is a game changer. Something that cant be touched by the powers that be.