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Chinese exchanges plan to prove 100% reserve
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Topic: Chinese exchanges plan to prove 100% reserve (Read 936 times)
p2pbucks
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Evolution is the only way to survive
Chinese exchanges plan to prove 100% reserve
August 21, 2014, 12:52:04 AM
#1
As i posted in
https://bitcointalk.org/index.php?topic=741194.0
, Chinese exchanges don't have proof of reserves . Now good news is main exchanges like
btcchina
are trying to prove they are doing a clean business . They plan to show their proof of 100% reserves at the weekend.
And That's the main reason btc price goes up .
Exchanges decide the price .Don't be fucked up by them
ticoti
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Re: Chinese exchanges plan to prove 100% reserve
August 21, 2014, 01:01:31 AM
#2
it is a real problem that the exchange determine in that high percentage in the price
we need a good p2p exchange
p2pbucks
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Re: Chinese exchanges plan to prove 100% reserve
August 21, 2014, 01:22:24 AM
#3
Quote from: ticoti on August 21, 2014, 01:01:31 AM
it is a real problem that the exchange determine in that high percentage in the price
we need a good p2p exchange
p2p exchanges can't exist since fiat interface is powered by central bank .
I really hope some otc market like localbitcoins can decide the price
hua_hui
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Re: Chinese exchanges plan to prove 100% reserve
August 21, 2014, 06:51:41 AM
#4
Quote from: ticoti on August 21, 2014, 01:01:31 AM
it is a real problem that the exchange determine in that high percentage in the price
we need a good p2p exchange
it is pity for the BTC. The policy and creditability of exchange play an important role in BTC's price fluctuation.
desticy
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www.cd3d.app
Re: Chinese exchanges plan to prove 100% reserve
August 21, 2014, 08:15:16 AM
#5
Does it comply with Chinese laws and regulations?
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LiteCoinGuy
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Re: Chinese exchanges plan to prove 100% reserve
August 21, 2014, 08:35:01 AM
#6
clever move. btc china is always a frontrunner and wants to be a honest player (with real trading volume...)
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Re: Chinese exchanges plan to prove 100% reserve
August 21, 2014, 08:38:06 AM
#7
Quote from: p2pbucks on August 21, 2014, 01:22:24 AM
I really hope some otc market like localbitcoins can decide the price
Other way around. Prices on LBC set by individual users is based on an equation that depend on prices on exchanges. This isn't always the case, but generally speaking the prices on exchanges determines prices on LBC.
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hloren70
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Re: Chinese exchanges plan to prove 100% reserve
August 21, 2014, 09:09:02 AM
#8
This is really good news. I sure hope HUOBI proves their reserves as I am very interested in using them.
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