Coinbase exchange is the turning point

Newar

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Quote from: ThatDGuy on January 26, 2015, 11:39:06 AM

Quote from: Biodom on January 26, 2015, 11:35:27 AM

Quote from: ensurance982 on January 26, 2015, 11:32:49 AM

I also think that this is the turning point. It's one of the most solid exchanges to this point. And it's based in the US where people are in dire need of a regulated and legitimate exchange. Going down a mere 10% now is just a slight correction!

not available yet in 25-26 states, including mine. I am curious- what's the holdup?

http://www.coindesk.com/coinbase-secures-approval-launch-regulated-us-bitcoin-exchange/

Saying they hope to have regulatory approval from all states in the next 6 months. Individual state regulations, I guess.

Kraken goes through the same since they started. In their thread it was mentioned each state costs 50'000 USD to get the regulation. Well, coinbase at least have the dough to face that. Doesn't mean it will be quick.

ThatDGuy

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Quote from: Biodom on January 26, 2015, 11:35:27 AM

Quote from: ensurance982 on January 26, 2015, 11:32:49 AM

I also think that this is the turning point. It's one of the most solid exchanges to this point. And it's based in the US where people are in dire need of a regulated and legitimate exchange. Going down a mere 10% now is just a slight correction!

not available yet in 25-26 states, including mine. I am curious- what's the holdup?

http://www.coindesk.com/coinbase-secures-approval-launch-regulated-us-bitcoin-exchange/

Saying they hope to have regulatory approval from all states in the next 6 months. Individual state regulations, I guess.

mutha

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AS8UDRR8Dc4wTyZkMT7Z5vaXtiWK9zh5Hb

Quote from: ensurance982 on January 26, 2015, 11:32:49 AM

I also think that this is the turning point. It's one of the most solid exchanges to this point. And it's based in the US where people are in dire need of a regulated and legitimate exchange. Going down a mere 10% now is just a slight correction!

LOL just the way Satoshi designed it to work huh? May I ask who is "Regulating the exchange" seems to me like you are exchanging small time scammers for big time scammers, like Citibank or worse............. governmental tax authorities.

ensurance982

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Trust me!

Quote from: Biodom on January 26, 2015, 11:35:27 AM

Quote from: ensurance982 on January 26, 2015, 11:32:49 AM

I also think that this is the turning point. It's one of the most solid exchanges to this point. And it's based in the US where people are in dire need of a regulated and legitimate exchange. Going down a mere 10% now is just a slight correction!

not available yet in 25-26 states, including mine.

Well, is it their fault? Sometimes you just can't jump all legal hurdles at once, but have to go step by step. We can look for caveats or imperfections in this thing, but overall it's a very good start and I'm sure it will do just fine

Biodom

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Quote from: ensurance982 on January 26, 2015, 11:32:49 AM

I also think that this is the turning point. It's one of the most solid exchanges to this point. And it's based in the US where people are in dire need of a regulated and legitimate exchange. Going down a mere 10% now is just a slight correction!

not available yet in 25-26 states, including mine. I am curious- what's the holdup?

ensurance982

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Activity: 518

Merit: 500

Trust me!

I also think that this is the turning point. It's one of the most solid exchanges to this point. And it's based in the US where people are in dire need of a regulated and legitimate exchange. Going down a mere 10% now is just a slight correction!

Kipsy89

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Relax!

Quote from: AtheistAKASaneBrain on January 26, 2015, 11:11:30 AM

Quote from: Newar on January 26, 2015, 10:43:25 AM

Quote from: btbrae on January 26, 2015, 10:35:31 AM

Anybody here long enough to see Mtgox, Tradehill, BitInstant, many other scams and hacks and scandals, will surely be looking forward to have a regulated, insured exchange leading the way from now on.

This is a turning point in confidence and many have been waiting some years for this to happen.

The fact that Coinbase is already popular is killer and makes all the difference.

This is the day you can have your cake, and eat it too.

To celebrate, we post pictures of cake.

[imghttps://i.imgur.com/0WOJmbA.jpg[/img]

There have been regulated US exchanges for a while. This won't change much.

Indeed, but none as serious as the Gemini exchange. But still, it only takes a group or even a single person to do an inside job and steal the private keys. We'll see. If Gemini fails then that would be catastrophic. It would mean any sort of regulation for Bitcoin is impossible and its the wild wild west.

You're right. If this venture or 'experiment' fails, it's a very bad sign for official Bitcoin exchanges. But let's not bee too pessimistic today. It's effectively a thing we all have waited for. The US could now become a major player in Bitcoin again, man!

AtheistAKASaneBrain

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Quote from: Newar on January 26, 2015, 10:43:25 AM

Quote from: btbrae on January 26, 2015, 10:35:31 AM

Anybody here long enough to see Mtgox, Tradehill, BitInstant, many other scams and hacks and scandals, will surely be looking forward to have a regulated, insured exchange leading the way from now on.

This is a turning point in confidence and many have been waiting some years for this to happen.

The fact that Coinbase is already popular is killer and makes all the difference.

This is the day you can have your cake, and eat it too.

To celebrate, we post pictures of cake.

[imghttps://i.imgur.com/0WOJmbA.jpg[/img]

There have been regulated US exchanges for a while. This won't change much.

Indeed, but none as serious as the Gemini exchange. But still, it only takes a group or even a single person to do an inside job and steal the private keys. We'll see. If Gemini fails then that would be catastrophic. It would mean any sort of regulation for Bitcoin is impossible and its the wild wild west.

Kipsy89

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Activity: 280

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Relax!

Quote from: ThatDGuy on January 26, 2015, 10:56:33 AM

Quote from: gkv9 on January 26, 2015, 10:50:52 AM

What's interesting here is the investments they received, which is near to $31 million...

Coinbase has received far more than that - the recent $75 million investment from NYSE + others has put them up to $106 million.

It clearly shows that big money is watching the whole Bitcoin scene very very carefully and a lot of people are very interested in putting money into the infrastructure. I'm sure they also bough some coins "just to be safe" and a lot more people are to follow their lead very soon!

ThatDGuy

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Quote from: gkv9 on January 26, 2015, 10:50:52 AM

What's interesting here is the investments they received, which is near to $31 million...

Coinbase has received far more than that - the recent $75 million investment from NYSE + others has put them up to $106 million.

gkv9

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!!! RiSe aBovE ThE StoRm !!!

What's interesting here is the investments they received, which is near to $31 million...

Newar

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Merit: 1000

https://gliph.me/hUF

Quote from: btbrae on January 26, 2015, 10:35:31 AM

Anybody here long enough to see Mtgox, Tradehill, BitInstant, many other scams and hacks and scandals, will surely be looking forward to have a regulated, insured exchange leading the way from now on.

This is a turning point in confidence and many have been waiting some years for this to happen.

The fact that Coinbase is already popular is killer and makes all the difference.

This is the day you can have your cake, and eat it too.

To celebrate, we post pictures of cake.

[imghttps://i.imgur.com/0WOJmbA.jpg[/img]

There have been regulated US exchanges for a while. This won't change much.

btbrae

hero member

Activity: 680

Merit: 500

Anybody here long enough to see Mtgox, Tradehill, BitInstant, many other scams and hacks and scandals, will surely be looking forward to have a regulated, insured exchange leading the way from now on.

This is a turning point in confidence and many have been waiting some years for this to happen.

The fact that Coinbase is already popular is killer and makes all the difference.

This is the day you can have your cake, and eat it too.

To celebrate, we post pictures of cake.

Topic: Coinbase exchange is the turning point (Read 1030 times)