macsga
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Strange, yet attractive.
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January 25, 2015, 11:12:56 PM |
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can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?
Is it that they will have less regulation so to speak and this itself will be an advantage?
For me, none. On the contrary. I think it's about time for every exchange to be regulated or at least post every transaction to the ledger. Transparency is the key. No more Gox-phenomena with Willy bots will occur this way.
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WeltMaster
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January 25, 2015, 11:16:04 PM Last edit: January 25, 2015, 11:26:37 PM by WeltMaster |
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make you a deal, expand as a summation series and give me a closed form expression for the 3rd term (coefficient for x^3) and I'll reveal all ...
1+(x/3π)?
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tarmi
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January 25, 2015, 11:17:38 PM |
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so, to the moon is actually a call to move to the new regulated exchange.
thank god most of the coins are in children's hands on unregulated exchanges.
regulated exchanges are not so profitable.
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BrewCrewFan
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January 25, 2015, 11:17:43 PM |
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can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?
Is it that they will have less regulation so to speak and this itself will be an advantage?
For me, none. On the contrary. I think it's about time for every exchange to be regulated or at least post every transaction to the ledger. Transparency is the key. No more Gox-phenomena with Willy bots will occur this way. I ve though and said this for a long time that some form of regulation is needed. Like some form of gov is needed... to keep things civil and such. I also think that once the regulation does kick in a bit, the big money is gonna start flooding in ... this is what will give the money the green light.
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gotmilk_
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January 25, 2015, 11:18:27 PM |
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can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?
Is it that they will have less regulation so to speak and this itself will be an advantage?
Well Stamp is likely to slip further into a coma but Bitfinex will be fine, regulated exchanges wont offer margin. However with the exchange supposedly being insured general buying and selling is likely to move to more regulated avenues. Stamp has Pantera on his side... So it will probably stay around for a long time ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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JimboToronto
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You're never too old to think young.
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January 25, 2015, 11:18:33 PM |
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Some exchanges, like Bitstamp and Bitfinex are open to international business.
Others, like Cavirtex are open only to residents.
Does anyone know what the policy of the new regulated American exchanges will be?
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gentlemand
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Welt Am Draht
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January 25, 2015, 11:20:31 PM |
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Some exchanges, like Bitstamp and Bitfinex are open to international business.
Others, like Cavirtex are open only to residents.
Does anyone know what the policy of the new regulated American exchanges will be?
Looks like US only for now with plans for further afield later.
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dreamspark
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January 25, 2015, 11:20:55 PM |
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can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?
Is it that they will have less regulation so to speak and this itself will be an advantage?
Well Stamp is likely to slip further into a coma but Bitfinex will be fine, regulated exchanges wont offer margin. However with the exchange supposedly being insured general buying and selling is likely to move to more regulated avenues. Stamp has Pantera on his side... So it will probably stay around for a long time ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Slip further into a coma implies it will still be around but a graveyard in comparison to when they were one of the biggest exchanges. The customer doesn't care about Pantera and theres 0 loyalty involved when deciding who to trust with your coins and fiat.
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JorgeStolfi
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January 25, 2015, 11:21:39 PM |
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How is this good news?
My thought is this makes the acquisition of BTC safer, easier, and more available. I though that, Coinbase being already licensed as a payment processor, a Coinbase customer already could * deposit dollars at Coinbase * buy bitcoins at Coinbase, * withdraw his bitcoins, * send bitcoin to a merchant * have Coinbase send the dollar value of his bitcoins to merchants With a money transmitting license, a Coinbase client can also * sell his bitcoins to Coinbase (or other Coinbase clients) * withdraw the dollars from such sales I.e. Coinbase becoming a fully licensed exchange makes it easier for people to sell their bitcoins (not just spend them in purchases). They could already buy bitcoins from them, so that part did not get any easier. Is this correct?
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dreamspark
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January 25, 2015, 11:22:44 PM |
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Stamp be going crazy.
EDIT: wtf is going on over there!
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marcus_of_augustus
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Eadem mutata resurgo
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January 25, 2015, 11:24:25 PM |
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make you a deal, expand as a summation series and give me a closed form expression for the 3rd term (coefficient for x^3) and I'll reveal all ...
1+(x/3π)? that's the 3rd term for the product series ... "... expand as a summation series ..."
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marcus_of_augustus
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Eadem mutata resurgo
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January 25, 2015, 11:27:03 PM |
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Stamp be going crazy.
EDIT: wtf is going on over there!
wall st. has arrived!!! ... yawn ( tell us something we don't know, who do they think has been fucking with the price for the last 6 months? bitpesa?)
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re-actor
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January 25, 2015, 11:27:17 PM |
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Stamp be going crazy.
EDIT: wtf is going on over there!
"Shake and Bake" Wall Street style
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Gatekeeper
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January 25, 2015, 11:27:56 PM |
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Remember Litcoin Huobi countdown timer? S e l l w h e n e v e r y o n e i s b u y i n g .![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fgnsquacker.files.wordpress.com%2F2010%2F08%2Fphantom1.png&t=665&c=MZPwMsaKeaoEaw) Goodbye. 8hrs ago you said it was going to crash within a couple hours. that worked out well for you didn't it?
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shmadz
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@theshmadz
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January 25, 2015, 11:31:36 PM |
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can anyone think as to what advantages bitstamp and bitfinex will have if fully insured and regulated exchanges open?
Is it that they will have less regulation so to speak and this itself will be an advantage?
For me, none. On the contrary. I think it's about time for every exchange to be regulated or at least post every transaction to the ledger. Transparency is the key. No more Gox-phenomena with Willy bots will occur this way. MF Global was regulated. How did that turn out? I'm all for transparency, but the current regulatory system is corrupt top-to-bottom and has no business sticking it's nose into bitcoin dealings. If you want secure, then sit around and wait for the confirmations. If you want fast, well, then you're gonna have to trust someone. But if you think regulations are gonna protect you, just remember how regulations worked out for mf global customers. Also, check recent amendments. Derivatives held by banks (too big to fail) are now covered by FDIC. meaning covered by your tax dollars, and your children's tax dollars, and their children's tax dollars... OK, I guess that's enough, I'm go to bed now, have fun everybody!
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WeltMaster
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January 25, 2015, 11:32:57 PM |
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"... expand as a summation series ..."
=3 + x/π - x/2π + x/3π ... ? [edit] ..wait, shit. You want me to (f'''(a)/3!)*(x-a)^3 ? ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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oda.krell
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January 25, 2015, 11:34:47 PM |
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How is this good news?
My thought is this makes the acquisition of BTC safer, easier, and more available. I though that, Coinbase being already licensed as a payment processor, a Coinbase customer already could * deposit dollars at Coinbase * buy bitcoins at Coinbase, * withdraw his bitcoins, * send bitcoin to a merchant * have Coinbase send the dollar value of his bitcoins to merchants With a money transmitting license, a Coinbase client can also * sell his bitcoins to Coinbase (or other Coinbase clients) * withdraw the dollars from such sales I.e. Coinbase becoming a fully licensed exchange makes it easier for people to sell their bitcoins (not just spend them in purchases). They could already buy bitcoins from them, so that part did not get any easier. Is this correct? They weren't an exchange. Now they are one, if the WSJ article is to be trusted. Until now, Coinbase had none of the liquidity requirements any half-serious trader needs ( see here for buy/sell limits, for example) So, yes. It makes it "easier for people to sell their bitcoins". But, if true, oh boy does it also make it easier for people to buy them ^_^
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inca
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January 25, 2015, 11:39:10 PM |
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Remember Litcoin Huobi countdown timer?
S e l l w h e n e v e r y o n e i s b u y i n g .
Goodbye.
Wasn't it goodbye this morning when you warned us of an imminent crash? The price seems to have risen since then.
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samsonn25
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January 25, 2015, 11:39:18 PM |
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If coinbase changed their high fee of 1% plus transaction charge, and allows limit orders to buy and sell would be a game changer as there is no reliable exchange in the US.
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marcus_of_augustus
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Eadem mutata resurgo
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January 25, 2015, 11:41:27 PM |
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"... expand as a summation series ..."
=3 + x/π - x/2π + x/3π ... ? [edit] ..wait, shit. You want me to (f'''(a)/3!)*(x-a)^3 ? ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) something like that but more difficult .... probably not the place for it here ... PM sent.
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