Topic: [2019-08-02] Bitcoin.com to Launch an Exchange (Read 296 times)
This throws up a few uncomfortable questions. Bitcoin.com is controlled by Roger Ver, who was involved in unethical behavior earlier. This website had tried to project BCH as the "real" Bitcoin to the new users, and many of them actually purchased BCH after falling to this trap. They have lost their reputation even before the opening of the exchange.
It is very disappointing to see the blind and infantile hate that Roger Ver receives. Most of the hatred is borne of ignorance and immaturity, however, there are those who simply enjoy being evil and proliferate the silly drivel we see online.
Hi, Roger.
If anyone kicked off the childishness it's your fine self. His latest was 'reasoning' that Jack Dorsey was keen on Lightning Networks because he'd been boning the lass leading its efforts. That's not exactly statesmanlike.
BCH would've been way, way, way better off keeping its head down and getting on with delivering. Instead there's been no end of pumps, dumps, fucking with difficulty adjustments, and countless weasel words.
I'm sure the 'other side' has been just as pathetic, petty and complicit at times but that doesn't make Roger look any better.
I think everyone should be very excited about the imminent launch of Bitcoin.com's exchange (in September, I believe). That company has been tirelessly delivering quality products that move to improve the _entire_ crypto industry and support all users. This exchange is a welcomed addition to the space.
It is very disappointing to see the blind and infantile hate that Roger Ver receives. Most of the hatred is borne of ignorance and immaturity, however, there are those who simply enjoy being evil and proliferate the silly drivel we see online.
Stepping away from the CEO position only means that Ver will have more time to help further develop the space, supporting cryptocurrencies that can undeniably function as p2p electronic cash; such as BCH (just like like he used to do when he advocated for BTC up until the BTC roadmap changed).
It is very disappointing to see the blind and infantile hate that Roger Ver receives. Most of the hatred is borne of ignorance and immaturity, however, there are those who simply enjoy being evil and proliferate the silly drivel we see online.
Stepping away from the CEO position only means that Ver will have more time to help further develop the space, supporting cryptocurrencies that can undeniably function as p2p electronic cash; such as BCH (just like like he used to do when he advocated for BTC up until the BTC roadmap changed).
He can credit his accounts with non existing money and trade between accounts to make it appear that there is a lot going on while nothing is happening in reality. He is and stays a scammer and a cheater.
It will not work long term speaking, only at the very beginning.
No matter how much he is inflating the volumes, if other exchanges aren't following, he will be exposed pretty quickly. On top of that, if he's buying up the sell side of the order book with phony money, people will figure out too because they can't withdraw simply for the reason that the exchange doesn't have the funds to actually allow them to withdraw.
In the end, Roger has failed pretty much in every aspect with BCash. I highly doubt this exchange will be successful. I consider this to be his last major attempt to pump his bags.
Doubt it'll be anything beneficial for the community. It'll just be a poorly coded exchange that'll try to trick their customers into buying more BCASH instead of BTC. I'm personally really curious to see some stats behind Roger's first trick (https://buy.bitcoin.com/) about how many people bought BCH compared to BTC, and how many people got tricked.
I'm also curious as to who in their right mind would trust Roger Ver with all their KYC information or to hold their coins for them.
Probably the same people who now think BCH is better and popular then BTC after Roger. I personally wouldn't touch the exchange with a 5-foot pole.Since the exchange will operate within the bitcoin dot com portal, I'm pretty sure that we can expect Bitcoin to be referred to as Bitcoin Core. Another thing is that he will pair BCH to other coins and ignore the BTC pairs.
This is another thing that I was thinking about. I would reckon that Roger would pair alts to BCH, not BTC, and treat BTC as an alt, whilst treating BCH as the mainstream crypto.I think Blockchain.com is trying to bring in more revenues. Despite being used by tens of millions of cryptocurrency users, Blockchain.com is not a profit making venture. Their wallet business doesn't bring in any revenues. So they may be trying to capitalize on the user-base to get some cash. But opening an exchange is not child's play, especially after so many exchange hacks.
This is bitcoin.com. Not blockchain.info.
It seems launching an exchange is trending at the moment. Few days back, blockchain.com did launch their own exchange. Bitcoin.com is already established community and will be easier to integrate an exchange into its existing platforms
At the moment there is no need for another exchange, the market is already pretty saturated. However when bull run comes, and I'm thinking about the mainstream phase like 2017 June till December, there will be tons of new users and exchanges will be understaffed again so people will be waiting for identity verification. And that is the time when Bitcoin.com exchange will try to get their share of trading volume and I imagine they could be successful at it because of the name itself. But till then, I don't see the reason why one would use them instead of established and trusted exchanges like Coinbase, Bitstamp, Binance or Bitfinex.
Agreed no another exchange, there's a lot of exchange so far trusted and realable and have many more couns listed for traders choice. And for sure a lot of investors wise thingking of course better yo,choose older and trusted excahnge than to try newer excahnge without anything to prove in the market.
I'll be curious to see how that works out. Just because he builds it doesn't mean anyone will come, so I'm guessing the BCH pairs will be very thinly traded. It'll basically just be a gimmick to show that BCH has base pairs on an exchange.
Roger artificially inflates the number of on-chain transactions too, so it wouldn't surprise me if he ends up doing the same on his own exchange. It's easier to do too because he doesn't even need actual funds.He can credit his accounts with non existing money and trade between accounts to make it appear that there is a lot going on while nothing is happening in reality. He is and stays a scammer and a cheater.
Nothing good will come out of this. I hope the regulators are watching.
Didn't they stop being best buddies?
Yes. Craigy tried suing him for calling him a fraud but the case was tragically thrown out.
Much of the hate Roger was attracting will be directed towards his former dearest friend who is way more hysterical and ludicrous. Bcash looks pretty sensible and mild compared to BSV.
it's a win-lose situation for roger. on one hand, wright and BSV attract all the ire of bitcoiners---his satoshi claims, repeated fraudulent behavior, threats to dump BTC. that takes a lot of heat off roger. on the other hand, BSV totally cannibalized bcash's user base. it took away most of the bitcoin unlimited crazy types, leaving bcash a shell of its former self. so it still sucks to be roger/jihan.
Didn't they stop being best buddies?
Yes. Craigy tried suing him for calling him a fraud but the case was tragically thrown out.
Much of the hate Roger was attracting will be directed towards his former dearest friend who is way more hysterical and ludicrous. Bcash looks pretty sensible and mild compared to BSV.
Roger Ver is hanging on by the tip of his fingers and I truly would not want to be in his shoes when this thing goes up in flames.
He was already independently wealthy in 2011-2012 when Bitcoin was cheap, and has fingers in (almost) every pie (bc.i, bitpay, kraken, and many more). Even if his exchange fails he'll be all right.
He's got Craigy to hide behind these days.
Didn't they stop being best buddies?
Roger Ver is hanging on by the tip of his fingers and I truly would not want to be in his shoes when this thing goes up in flames. There are so much animosity directed towards him that I would not be amazed if this platform would become one of the most targeted exchanges in the world. 
He's got Craigy to hide behind these days. And traders are such shameless hookers that if he offers them the lowest fees and best liquidity they'll turn up there even if he personally pisses on their bed.
They've got an uphill struggle to gain proper traction but they have enough zombies and people fooled by their name to get up and running for a bit. Then their virtues, or lack of them, will decide its fate.
Do they give figures on how busy local.bitcoin.com is?
Roger Ver is hanging on by the tip of his fingers and I truly would not want to be in his shoes when this thing goes up in flames. There are so much animosity directed towards him that I would not be amazed if this platform would become one of the most targeted exchanges in the world.
His hostile takeover of Bitcoin failed and people are still angry at him for all the dirty tactics he used to boost Bcash by hanging like a parasite onto Bitcoin domains
His hostile takeover of Bitcoin failed and people are still angry at him for all the dirty tactics he used to boost Bcash by hanging like a parasite onto Bitcoin
Who will trust Roger Ver in one dollar? Let alone trust your personal data or even secure your currencies.
The same applies to Blockchain.info and the famous bugs of not updating the wallet data that led to the failure log-in of old accounts.
On the financial side: this guy is good at getting the money out of the bubble, but you should withdraw your money in a timely investment.
Overall it is not good to earn using his methods.
The same applies to Blockchain.info and the famous bugs of not updating the wallet data that led to the failure log-in of old accounts.
On the financial side: this guy is good at getting the money out of the bubble, but you should withdraw your money in a timely investment.
Overall it is not good to earn using his methods.
Just noticed they seem to have rebranded too. The blue logo is unfamiliar. But I do agree: more competition simply means better options for users, more choices, etc. etc. That's how it's supposed to work, and if Bitcoin.com's exchange does so well and convinces users to leave the others, then so be it. Just only I hope they don't ruin people by tricking them into buying something other than Bitcoin, cause that's what they've been doing for a while now.
We live in a free world and so any organization can start a business anytime and anywhere as long as it has complied with all regulatory requirements. The bottom line is that it is all up to the market to decide which business outfit (or cryptocurrency exchange in this case) they want to support.
Yes, I also have a strong issue with Bitcoin.com deceiving its readers and supporters by selling BCH like it is the real Bitcoin. I hate any business using deceit in convincing its market and I am expecting that it will cease and desist from doing the same strategy once it will have an exchange of its own. Good luck to them, anyway.
However when bull run comes, and I'm thinking about the mainstream phase like 2017 June till December, there will be tons of new users and exchanges will be understaffed again so people will be waiting for identity verification. And that is the time when Bitcoin.com exchange will try to get their share of trading volume and I imagine they could be successful at it because of the name itself.
I'd love to know how well prepared they are if there's to be another bubble. Anyone observing the exchange business thinking of getting into must be aware of the utter seizure of most of them. You could grab a vast amount of custom if you could offer an alternative that was ready for it.
I don't think anywhere can afford those staffing levels for something that might last a couple of months every few years but perhaps they'd be idle enough to be able to handle some bursts when they happen.
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At the moment there is no need for another exchange, the market is already pretty saturated. However when bull run comes, and I'm thinking about the mainstream phase like 2017 June till December, there will be tons of new users and exchanges will be understaffed again so people will be waiting for identity verification. And that is the time when Bitcoin.com exchange will try to get their share of trading volume and I imagine they could be successful at it because of the name itself. But till then, I don't see the reason why one would use them instead of established and trusted exchanges like Coinbase, Bitstamp, Binance or Bitfinex.
Just noticed they seem to have rebranded too. The blue logo is unfamiliar.
But I do agree: more competition simply means better options for users, more choices, etc. etc. That's how it's supposed to work, and if Bitcoin.com's exchange does so well and convinces users to leave the others, then so be it.
Just only I hope they don't ruin people by tricking them into buying something other than Bitcoin, cause that's what they've been doing for a while now.
But I do agree: more competition simply means better options for users, more choices, etc. etc. That's how it's supposed to work, and if Bitcoin.com's exchange does so well and convinces users to leave the others, then so be it.
Just only I hope they don't ruin people by tricking them into buying something other than Bitcoin, cause that's what they've been doing for a while now.
If it's crappy competition, then nothing changes for users - they'll have more options, true, but 99% of people will choose some of the top players. We've had a lot of news about launches of new exchanges, but can any of them really compete with giants like Coinbase and threaten their market share? I don't think so.
I think it's safe to say they'll be prioritising their pet over 'Bitcoin Core' no matter what. However if you go into the exchange business you're suddenly subject to a lot more heavy handedness from authorities so it's conceivable a disgruntled customer could raise hell.
Not sure how Roger will make his peace with having to be compliant.
Not sure how Roger will make his peace with having to be compliant.
https://twitter.com/rogerkver/status/1122158924000444416
I'm also curious as to who in their right mind would trust Roger Ver with all their KYC information or to hold their coins for them.
For those that don't remember: MemoryDealers.com founder Roger Ver abuses admin access at Blockchain.info.
Since the exchange will operate within the bitcoin dot com portal, I'm pretty sure that we can expect Bitcoin to be referred to as Bitcoin Core. Another thing is that he will pair BCH to other coins and ignore the BTC pairs.
I'll be curious to see how that works out. Just because he builds it doesn't mean anyone will come, so I'm guessing the BCH pairs will be very thinly traded. It'll basically just be a gimmick to show that BCH has base pairs on an exchange.
The split with BSV has put Roger in an even harder position. Keeping BCH relevant can't be easy when its most diehard supporters followed Craig Wright out the door.
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