Bitcoin to Wall Street ? - page 2. | Bitcointalksearch.org

Nemesis

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Quote from: bitcoinBull on February 27, 2013, 12:03:34 PM

Quote from: Panoramix on February 27, 2013, 11:50:49 AM

I just wonder what's in it for MtGox?

Money first of all, coinLab is paying them for this. Also less risk/responsibility for mtgox, since coinLab will be managing the USD funds. An official partnership also enhances the professionalism of MtGox. The best part is even as this further cements their role as the biggest exchange, it does so in a way which distributes the risk. I'm not so worried now about a possible problem or crisis at mtgox, because even if the exchange goes down, my funds should be safe with coinLab.

So Coinlab will just assume every USD funds acct are from US/Canada? Thats stupid.

They must have known many ppl oversea also use USD funds.

kakobrekla

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Activity: 714

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Psi laju, karavani prolaze.

Quote

Jay Walker, a forex prop trader, said he’d jump to any forex broker deal that would allow him to do currency pair trades and get paid out in bitcoins.

Right, but a simple google query is over his head?

bitcoinBull

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rippleFanatic

Quote from: adamstgBit on February 27, 2013, 12:18:58 PM

Quote from: creativex on February 27, 2013, 12:00:09 PM

Quote from: adamstgBit on February 27, 2013, 10:55:30 AM

lolz at this "news"

Can you elaborate?

this isn't news, this is rumor...

I see what you mean. No official report from mtGox, nothing on the coinLab website (and I wouldn't particularly trust my funds with a mining pool service). When I first read it, I kept thinking coinBase instead, since they are already known to store coins offline in a bank vault, and they already have a ton of US customers. Huh

adamstgBit

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Quote from: creativex on February 27, 2013, 12:00:09 PM

Quote from: adamstgBit on February 27, 2013, 10:55:30 AM

lolz at this "news"

Can you elaborate?

this isn't news, this is rumor...

bitcoinBull

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rippleFanatic

Quote from: Panoramix on February 27, 2013, 11:50:49 AM

I just wonder what's in it for MtGox?

Money first of all, coinLab is paying them for this. Also less risk/responsibility for mtgox, since coinLab will be managing the USD funds. An official partnership also enhances the professionalism of MtGox. The best part is even as this further cements their role as the biggest exchange, it does so in a way which distributes the risk. I'm not so worried now about a possible problem or crisis at mtgox, because even if the exchange goes down, my funds should be safe with coinLab.

creativex

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Activity: 434

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Quote from: cypherdoc on February 27, 2013, 11:53:41 AM

Quote from: Phoenix on February 27, 2013, 10:56:06 AM

Give them a little time to concoct another plausible improbability. +1 to Loaded I guess (if at all related Wink

).

she can put those paddles on me any day. Wink

oh wait, i'm not a bear.

...also if your heart is beating at the time it wouldn't be beating afterward.

Quote from: adamstgBit on February 27, 2013, 10:55:30 AM

lolz at this "news"

Can you elaborate?

cypherdoc

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Quote from: Phoenix on February 27, 2013, 10:56:06 AM

Give them a little time to concoct another plausible improbability. +1 to Loaded I guess (if at all related Wink

).

she can put those paddles on me any day. Wink

oh wait, i'm not a bear.

Panoramix

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I just wonder what's in it for MtGox?

mccorvic

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Quote from: TraderTimm on February 27, 2013, 11:32:50 AM

Yes, lets move all the payment processing to the USA - and especially to the nearly-broke state of California. I'm really surprised and not really pleased about this. Have they considered the legal implications if legislators decided to come for a piece of the action? Or to disrupt their operations?

If anyone has a good answer as to why the positives outweigh the negatives, I'm all ears.

Positives: Lower bar of entry for new people to acquire bitcoin, thus increasing it's acceptance and useability.

Cons: Uh, if it gets closed there are plenty of other exchanges and bitcoin is still bitcoin. This is obvious unless you're one of those people that say bitcoin itself was hacked in 2011.

TraderTimm

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Yes, lets move all the payment processing to the USA - and especially to the nearly-broke state of California. I'm really surprised and not really pleased about this. Have they considered the legal implications if legislators decided to come for a piece of the action? Or to disrupt their operations?

If anyone has a good answer as to why the positives outweigh the negatives, I'm all ears.

adamstgBit

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Quote from: mccorvic on February 27, 2013, 11:04:13 AM

Quote from: adamstgBit on February 27, 2013, 10:55:30 AM

lolz at this "news"

Oh, dang. This must be the new bear tactic. "Uh oh, we can't call lower prices any more! Just try to blow off everything as unimportant! That'll do the trick!"

mccorvic

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Quote from: adamstgBit on February 27, 2013, 10:55:30 AM

lolz at this "news"

Oh, dang. This must be the new bear tactic. "Uh oh, we can't call lower prices any more! Just try to blow off everything as unimportant! That'll do the trick!"

Phoenix

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http://2.bp.blogspot.com/_jp-Y_pSujQA/TCWxcqMAHrI/AAAAAAAAvLE/gI2s-yTbB_M/s1600/naughty+bear+nurses.jpg

Give them a little time to concoct another plausible improbability. +1 to Loaded I guess (if at all related Wink

).

adamstgBit

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Trusted Bitcoiner

lolz at this "news"

mccorvic

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Quote from: Walter Rothbard on February 27, 2013, 10:38:18 AM

That sounds like great news.

That's because it is great news! If anything, it'll hopefully be one less barrier of entry for people to buy bitcoins.

Now, to save everyone some time, I present with you Desperate Bear Logic: This will cause the markets to crash for some raisin. Because more demand = lower prices, right?

Walter Rothbard

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Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

That sounds like great news.

Odalv

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http://bitcoinmagazine.com/coinlab-bringing-bitcoin-to-wall-street-with-mtgox-deal/

Topic: Bitcoin to Wall Street ? - page 2. (Read 2210 times)