Winklevoss Twins Aim to Take Bitcoin Mainstream With a Regulated Exchange

[Rampton]

I don't see the big deal in this other than having the Winkelvi name attached. Don't get me wrong I'm glad they're getting involved and are promoting bitcoin but I'm more concerned about decentralized exchanges. I'm sure this is just a ploy for them to scoop up massive amounts of bitcoins easily through taking their cut of fees.

[manselr]

I don't see the big deal in this other than having the Winkelvi name attached. Don't get me wrong I'm glad they're getting involved and are promoting bitcoin but I'm more concerned about decentralized exchanges. I'm sure this is just a ploy for them to scoop up massive amounts of bitcoins easily through taking their cut of fees.

Dude this is literally the only way to have all these clueless old wealthy guys getting involved with Bitcoin. They wouldn't invest any other way unless there is a regulated certified serious exchange.

[ChuckBuck]

I don't see the big deal in this other than having the Winkelvi name attached. Don't get me wrong I'm glad they're getting involved and are promoting bitcoin but I'm more concerned about decentralized exchanges. I'm sure this is just a ploy for them to scoop up massive amounts of bitcoins easily through taking their cut of fees.

Dude this is literally the only way to have all these clueless old wealthy guys getting involved with Bitcoin. They wouldn't invest any other way unless there is a regulated certified serious exchange.

Yes, exactly.  This is a really big deal.

The Winklevii are trying to get old money/Wall Street money to pour in more dough into Bitcoin.  Trade it up, down, sideways, long, short, etc...

Only way you can do that is with fully licensed and regulated exchanges.  They don't/won't put their old bank money into a Slovenian exchange like BitStamp or a Bulgarian exchange like BTC-E.

But you launch a legit/licensed suit and tie exchange based in the financial capital of the world New York, and basically make the "Nasdaq" of Bitcoin, you best believe they will line the fuck up.

You know what happens when those bigtime hedge funds get involved....

[homeless hacker]

They are onto something. This could be the biggest exchange of them all. Overpowering each and every competitor by far. Oh and before I forget, the twins are working towards getting old money. The twins want to excavate all of the big timers funds/a portion and pour it into their exchange. When you have your own ticker symbol coming and are on the Nasdaq, BTC will go in only one direction. That direction being up.

[Sindelar1938]

It's big talk so far. If Gemini is even half as good as they claim, it will be an absolute winner
Wait and see

[oblivi]

It's big talk so far. If Gemini is even half as good as they claim, it will be an absolute winner
Wait and see

Well its not that difficult to beat any of the exchanges we've seen so far, considering the biggest one was run by Magic the Gathering card traders.

[Cryddit]

I don't understand why yanks feel that the entire world revolves around them. It's not possible for anyone or any business to make a monopoly out of Bitcoin trading or exchanging. My point was that it's not possible for that stupid bully country America to control anything about Bitcoin. They can pass all the laws they want and sit on commerce and industry until their 3 hundred million people starve to death. The other 7 billion people will play in a different sandbox.

I think the regulated exchange laws and KYC stuff have pretty much become international at this point.  I don't know how it looks where you are, but in pretty much every nation where I have correspondents who know about such things, the basic rules are pretty much as they are here.  You have to get licensed to run an exchange, and ensure that customers provide ID to open a bank account or use a trading account, whether you are in New York, Hong Kong, or Cartagena.  I'm not sure how it works in Istanbul or Cairo, but I expect it's the same. 

Cryddit

[Finchy]

It's big talk so far. If Gemini is even half as good as they claim, it will be an absolute winner
Wait and see

Well its not that difficult to beat any of the exchanges we've seen so far, considering the biggest one was run by Magic the Gathering card traders.

I don't think that's true. It used to be used for trading MTG cards but the site was bought by Karpales and changed to exchange bitcoin.

[QuestionAuthority]

I don't understand why yanks feel that the entire world revolves around them. It's not possible for anyone or any business to make a monopoly out of Bitcoin trading or exchanging. My point was that it's not possible for that stupid bully country America to control anything about Bitcoin. They can pass all the laws they want and sit on commerce and industry until their 3 hundred million people starve to death. The other 7 billion people will play in a different sandbox.

I think the regulated exchange laws and KYC stuff have pretty much become international at this point.  I don't know how it looks where you are, but in pretty much every nation where I have correspondents who know about such things, the basic rules are pretty much as they are here.  You have to get licensed to run an exchange, and ensure that customers provide ID to open a bank account or use a trading account, whether you are in New York, Hong Kong, or Cartagena.  I'm not sure how it works in Istanbul or Cairo, but I expect it's the same. 

Cryddit

Of course they have some kind of FATF law in most places. They aren't all the same and none are voted for, enacted, or enforced by the U.S. except those in the U.S. American business monopolies are inconsequential outside of the U.S. The great thing about Bitcoin is its ability to be used from anywhere in the world to fund an account anywhere in the world.

[TrailingComet]

Great idea that may help make a difference to adoption
Believe it when I see it, though

[botany]

Great idea that may help make a difference to adoption
Believe it when I see it, though

We have been waiting for a long time, though.

[cozk]

It's big talk so far. If Gemini is even half as good as they claim, it will be an absolute winner
Wait and see

Well its not that difficult to beat any of the exchanges we've seen so far, considering the biggest one was run by Magic the Gathering card traders.

lol

[BillyBobZorton]

I don't see the big deal in this other than having the Winkelvi name attached. Don't get me wrong I'm glad they're getting involved and are promoting bitcoin but I'm more concerned about decentralized exchanges. I'm sure this is just a ploy for them to scoop up massive amounts of bitcoins easily through taking their cut of fees.

Dude this is literally the only way to have all these clueless old wealthy guys getting involved with Bitcoin. They wouldn't invest any other way unless there is a regulated certified serious exchange.

Yes, exactly.  This is a really big deal.

The Winklevii are trying to get old money/Wall Street money to pour in more dough into Bitcoin.  Trade it up, down, sideways, long, short, etc...

Only way you can do that is with fully licensed and regulated exchanges.  They don't/won't put their old bank money into a Slovenian exchange like BitStamp or a Bulgarian exchange like BTC-E.

But you launch a legit/licensed suit and tie exchange based in the financial capital of the world New York, and basically make the "Nasdaq" of Bitcoin, you best believe they will line the fuck up.

You know what happens when those bigtime hedge funds get involved....

Man I cant wait to see that image again in one of the exchanges. Remember in MT Gox the moon man when we reach 1k? I hope winklevii put a moon man too in gemini when we hit 10k :p

[Q7]

I don't understand why yanks feel that the entire world revolves around them. It's not possible for anyone or any business to make a monopoly out of Bitcoin trading or exchanging. My point was that it's not possible for that stupid bully country America to control anything about Bitcoin. They can pass all the laws they want and sit on commerce and industry until their 3 hundred million people starve to death. The other 7 billion people will play in a different sandbox.

I think the regulated exchange laws and KYC stuff have pretty much become international at this point.  I don't know how it looks where you are, but in pretty much every nation where I have correspondents who know about such things, the basic rules are pretty much as they are here.  You have to get licensed to run an exchange, and ensure that customers provide ID to open a bank account or use a trading account, whether you are in New York, Hong Kong, or Cartagena.  I'm not sure how it works in Istanbul or Cairo, but I expect it's the same. 

Cryddit

It's the same from where I came from as well. The minimum is scanned copy of government issued ID when making fiat withdrawals. Although the government didn't spell out the exact details but exchangers in general will by themselves make it compulsory to avoid the legal aspect that arises later part.

[Nagle]

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

[cbeast]

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

That what all stocks are. Nothing new except Bitcoin doesn't have Wall Street to dump them on...yet.

[oblivi]

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

That what all stocks are. Nothing new except Bitcoin doesn't have Wall Street to dump them on...yet.

Well not technically but we have the equivalent of Bitcoin wall street walles: early adopters. These dumb lucky cunts can dump on us anytime they want and crash it.

[cbeast]

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

That what all stocks are. Nothing new except Bitcoin doesn't have Wall Street to dump them on...yet.

Well not technically but we have the equivalent of Bitcoin wall street walles: early adopters. These dumb lucky cunts can dump on us anytime they want and crash it.

Weak hands have been saying that exact thing since the 1000x run up to one dollar. They will be saying that when price reaches $10k.

[neurotypical]

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

That what all stocks are. Nothing new except Bitcoin doesn't have Wall Street to dump them on...yet.

Well not technically but we have the equivalent of Bitcoin wall street walles: early adopters. These dumb lucky cunts can dump on us anytime they want and crash it.

Weak hands have been saying that exact thing since the 1000x run up to one dollar. They will be saying that when price reaches $10k.

I cant wait to see what the hell they come up with after we reach ATH again. It will be historical to see Peter Schift and the rest of clueless old people having to admit they are wrong.

[Swordsoffreedom]

I don't see the big deal in this other than having the Winkelvi name attached. Don't get me wrong I'm glad they're getting involved and are promoting bitcoin but I'm more concerned about decentralized exchanges. I'm sure this is just a ploy for them to scoop up massive amounts of bitcoins easily through taking their cut of fees.

Dude this is literally the only way to have all these clueless old wealthy guys getting involved with Bitcoin. They wouldn't invest any other way unless there is a regulated certified serious exchange.

Yes, exactly.  This is a really big deal.

The Winklevii are trying to get old money/Wall Street money to pour in more dough into Bitcoin.  Trade it up, down, sideways, long, short, etc...

Only way you can do that is with fully licensed and regulated exchanges.  They don't/won't put their old bank money into a Slovenian exchange like BitStamp or a Bulgarian exchange like BTC-E.

But you launch a legit/licensed suit and tie exchange based in the financial capital of the world New York, and basically make the "Nasdaq" of Bitcoin, you best believe they will line the fuck up.

You know what happens when those bigtime hedge funds get involved....

Man I cant wait to see that image again in one of the exchanges. Remember in MT Gox the moon man when we reach 1k? I hope winklevii put a moon man too in gemini when we hit 10k :p

I like the waving Bitcoin flag you choose there
I agree that big money will come when players are seen as more trustworthy as far as I can see the old capital will likely wait for the Winkevelli to have something running before putting in more investment into Bitcoin as a financial instrument
R@D is seperate but once we have nice hedge funds it should be good for price