After it has taken off in the US, other parts of the world will start to take notice and a true competitor will emerge like how London/Singapore/Hong Kong/Tokyo/Shanghai emerged as financial hubs after New York showed the way...
I predict the opposite to happen (worldwide adoption well before it's a household name in the US.) People in the US have an irrational faith in their fiat currency, while the rest of the world (Argentina, and pretty much everyone using the Euro, especially Cyprus) know a LOT more about how currency really works. (And what happens when it doesn't.) 
Topic: MtGox 2 - page 2. (Read 1295 times)
When will there be a realistic competitor here.
Having one DECENT exchange is bad for business, I thought normal currency markets took a big slice ..
Having one DECENT exchange is bad for business, I thought normal currency markets took a big slice ..
Yeah, that' s the question. After Mt.Gox transfering its business on US (overregulated) soil, there are quite good opportunities for some offshore (mean out of the western world economy) exchange. It' s hard to compete and start against the most liquid exchanger, but someone has to do it sooner or later.
True, transferring business to overregulated soil could present dramatic of opportunity for competitors. Yet it could present a dramatic opportunity for Mt. Gox and Bitcoin also. Remember that most of the worlds currency is held in dollars. Once any American can transfer $ to BTC in something like a day or two with minimal fees, then this thing truly will take off, then collapse again, then take off again etc. After it has taken off in the US, other parts of the world will start to take notice and a true competitor will emerge like how London/Singapore/Hong Kong/Tokyo/Shanghai emerged as financial hubs after New York showed the way...
I'm thinking, a place like Singapore or Hong Kong could adopt BTC faster than most other places. Simply due to small concentrated population and a tendency towards little or no taxation. Additionally Asians love gambling, which will make the attraction of BTC even greater as we will surely see huge fluctuations in BTC until $100k+/BTC.
Like i said, I'm a Bermuda resident, and a software developer. I'd be very interested in working on a Bermuda based exchange,.
Definitely think there will be a need for a Mt. Gox given the culture and mentality of bitcoin users. It will need to operate in a place that is well known for privacy, such as Singapore, the Cayman Islands, or Bermuda.
Quote
there are quite good opportunities for some offshore (mean out of the western world economy) exchange
http://en.wikipedia.org/wiki/Principality_of_Sealand
Also mtgox trading engine is balls.
I live in Bermuda, which is a wonderful tax haven and home to so many less regulated financial services. It would seem the obvious location for an exchange to be based. Unfortunately at the moment there is very little uptake of bitcoin over here. I'd happily help out starting an exchange in this country.
I live in Bermuda, which is a wonderful tax haven and home to so many less regulated financial services. It would seem the obvious location for an exchange to be based. Unfortunately at the moment there is very little uptake of bitcoin over here. I'd happily help out starting an exchange in this country.
When will there be a realistic competitor here.
Having one DECENT exchange is bad for business, I thought normal currency markets took a big slice ..
Having one DECENT exchange is bad for business, I thought normal currency markets took a big slice ..
Yeah, that' s the question. After Mt.Gox transfering its business on US (overregulated) soil, there are quite good opportunities for some offshore (mean out of the western world economy) exchange. It' s hard to compete and start against the most liquid exchanger, but someone has to do it sooner or later.
When will there be a realistic competitor here.
Having one DECENT exchange is bad for business, I thought normal currency markets took a big slice ..
Also, do you think there is any call for
Freelancing
CrowdFunding
BTC versions?
Having one DECENT exchange is bad for business, I thought normal currency markets took a big slice ..
Also, do you think there is any call for
Freelancing
CrowdFunding
BTC versions?
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