[2014-02-25] As Mt. Gox collapses, SecondMarket prepares to launch a Bitcoin exc

[LiteCoinGuy]

As Mt. Gox collapses, SecondMarket prepares to launch a Bitcoin exchange in New York.


http://finance.fortune.cnn.com/2014/02/25/secondmarket-bitcoin-exchange/?iid=HP_LN

Ryan Selkis seems to be a fool by the way

[hilariousandco]

As Mt. Gox collapses, SecondMarket prepares to launch a Bitcoin exchange in New York.


http://finance.fortune.cnn.com/2014/02/25/secondmarket-bitcoin-exchange/?iid=HP_LN

Ryan Selkis seems to be an fool by the way

An fool? 

Arguably more important than all of this is the exchange, which I hinted at in a post last Friday. The goal would be to reduce Bitcoin price volatility, by using spot pricing once or twice per day (like gold spot pricing) and serving as a clearing company in which member firms would clear all transactions by day's end. Members also would keep enough cash in Bitcoin to keep the exchange liquid.

That's interesting. It would be great if there was some way where the price fluctuations can be reigned in. They're really going to be damaging to Bitcoin in the long run I reckon.

[LiteCoinGuy]

SecondMarket’s Barry Silbert to Launch Regulated US Exchange this Summer

http://www.coindesk.com/secondmarket-barry-silbert-launch-regulated-us-exchange-this-summer/


@ hilariousandco

wrote that on my phone 

[hilariousandco]

SecondMarket’s Barry Silbert to Launch Regulated US Exchange this Summer

http://www.coindesk.com/secondmarket-barry-silbert-launch-regulated-us-exchange-this-summer/


@ hilariousandco

wrote that on my phone 

Iphone? It gets me every time I try to post from there and it's pain to go back and edit.

I've got a feeling something will hold this exchange back, or it'll be throttled by regulations. Hadn't NY already brought in some strict rules regarding Bitcoin?

[fryarminer]

That's interesting. It would be great if there was some way where the price fluctuations can be reigned in. They're really going to be damaging to Bitcoin in the long run I reckon.

Maybe this is a stupid question, but wouldn't more transactions stabilize the price automatically? Looking at crypto coins, those coins that are in less demand have large price fluctuations, whereas ones like litecoin or doge that have more demand and transactions, seem far more stable.

[LiteCoinGuy]

SecondMarket’s Barry Silbert to Launch Regulated US Exchange this Summer

http://www.coindesk.com/secondmarket-barry-silbert-launch-regulated-us-exchange-this-summer/


@ hilariousandco

wrote that on my phone  

Iphone? It gets me every time I try to post from there and it's pain to go back and edit.

I've got a feeling something will hold this exchange back, or it'll be throttled by regulations. Hadn't NY already brought in some strict rules regarding Bitcoin?

yeah iphone   . crappy and old one. next time i will have an android (also because of the blockchain app)  

(but iam indeed no native speaker)

[hilariousandco]

SecondMarket’s Barry Silbert to Launch Regulated US Exchange this Summer

http://www.coindesk.com/secondmarket-barry-silbert-launch-regulated-us-exchange-this-summer/


@ hilariousandco

wrote that on my phone  

Iphone? It gets me every time I try to post from there and it's pain to go back and edit.

I've got a feeling something will hold this exchange back, or it'll be throttled by regulations. Hadn't NY already brought in some strict rules regarding Bitcoin?

yeah iphone   . crappy and old one. next time i will have an android (also because of the blockchain app)  

(but iam indeed no native speaker)

Mines old too. iPhone 3. It's on its way out though I think - home button doesn't work, speaker keeps cutting out + more. I won't be sad when it finally dies.

[LiteCoinGuy]

maybe we should join:

https://www.youtube.com/watch?v=DuQZTAJ2KLk