2014-06-17 DigitalBTC CEO Says His Company Modeled As the opposite of Mt. Gox

[Swordsoffreedom]

Full Article:

Once Mt. Gox was the biggest Bitcoin exchange, today it has become a synonym for mismanagement and everything that can go wrong with a Bitcoin company. The sentiments are shared even by Tech entrepreneur Zhenya Tsvetnenko when he says that his company has modeled itself as the opposite of Mt Gox.

He was referring to $450 million collapse of the Japanese-based Bitcoin exchange that lost millions of dollars of investors. The Bitcoin exchange CEO also faced charges of swindling the funds sources from investors for personal uses. However, the severe impact that the failure has left on the people is that they are now wary of investing in Bitcoin companies.

Tech entrepreneur Zhenya Tsvetnenko understands this and for that reason he assures the investors and people that DigitalBTC is everything what Mt. Gox was not. It has been modeled as the opposite of the failed Bitcoin exchange. He believes that the future of Bitcoin is stable, and failure of Mt. Gox teaches every other company what not to do.

DigitalBTC Will Follow the Best Business Practices

Earlier, the Perth-based DigitalBTC became the first Bitcoin company that traded in the Australian Stock Exchange. It traded at 28.5c – above its 20c prospectus price and according to the market experts it is going to go higher in the next couple of trading days. Mr Tsvetnenko believes that the listing was part of its drive for transparency.

From
http://www.forexminute.com/bitcoin/digitalbtc-ceo-says-his-company-modeled-as-the-opposite-of-mt-gox-35457

Secondary Article Date: June 15

Abstract:

Australian multi-service bitcoin company digitalBTC will make history today as the first cryptocurrency-focused company to trade on a major mainstream stock exchange.

DigitalBTC, which began as a mining operation but also engages in bitcoin trading and is developing retail and consumer applications, debuted on the Australian Securities Exchange (ASX) this morning as Digital CC Limited (trading as digitalBTC; ASX code: DCC).

The ASX has a daily turnover of over AUD$4.6bn (US$4.32bn) and a market cap of around AUD$1.6tn.

Continued in:
http://www.coindesk.com/digitalbtc-makes-history-australian-stock-market-debut/

[gweedo]

They can start by adding proof of assets That would make them alot more open to have it published everyday.

[r3wt]

Its nothing but a website with a paragraph about their "proposed" solutions to the crypto worlds problems. If that's all it take to garner millions in investment capitol sign me the heck up.

[doof]

They can start by adding proof of assets That would make them alot more open to have it published everyday.

Ill mention that to Zhenya.

[ThomasCrowne]

proof of assets would definitely be huge.  have a couple of friends that lost a fair amount to the whole mt.gox sham.  if DigitalBTC is in fact able to implement this kind of transparency and is also willing to be subject to independent third-party audit of security practices I suspect they might just do well in the bitcoin space.

[Swordsoffreedom]

They can start by adding proof of assets That would make them alot more open to have it published everyday.

I agree, not sure of the listing procedures on the ACC but I presume that a verifiable cold storage address would suffice
It would be a step above Gox well a lot of things would be above Gox that bar is very low so the exact opposite would be very high.
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=DCC:AU
Anyways for the penny stock traders.

[Lethn]

..... A Bitcoin exchange publicly available on a registered stock exchange?

fapfapfapfapfapfapfpafpafpapfapfapfapfapfpafpap the profits fapfapfapfapfapfapfpafpafpafpapfap

[Swordsoffreedom]

..... A Bitcoin exchange publicly available on a registered stock exchange?

fapfapfapfapfapfapfpafpafpapfapfapfapfapfpafpap the profits fapfapfapfapfapfapfpafpafpafpapfap

One can only imagine the High Frequency Trading on top of even more High Frequency Trading
Soon we will be calling this the I something (Good old Apple Cliche Reference)
Lol.

[Lethn]

Forget the high frequency trading! Can you imagine the dividends?! The politicians will be going "Why the hell have we suddenly come out of recession this year?"

[nwfella]

Forget the high frequency trading! Can you imagine the dividends?! The politicians will be going "Why the hell have we suddenly come out of recession this year?"

This would be amazing!  Come on Anti-Gox, i mean DigitalBTC!!