Roger Ver: Starting His Own Crypto Exchange? - page 4.

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Quote from: bL4nkcode on October 12, 2018, 09:21:37 PM

Whatever the reason for being hated of Ver which is too many reasons IMO. But this is still a good move though --having more competition in the exchange market.
If this exchange will be as good as binance did or much better then why not use it? Just expect BCH will be the trading fee or even the withdrawal fee.

But if he will continue to spread lies about bitcoin --make BCH as bitcoin. If the exchange will be like hitbtc or any crap exchange. I guess only BCH fanbois will use that exchange. If ever~

Yes I agree, competition should create a healthy atmosphere and market but when Ver uses bitcoin.com domain to confuse people in to thinking Bcash is Bitcoin then there are problems.

About HitBTC, it may not be a great UI but what cannot be denied are the stats, it is a successful site trading millions per day. As you say, maybe Bcash fans will jump in head first but most will avoid it at all costs.

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Limited in number. Limitless in potential.

Whatever the reason for being hated of Ver which is too many reasons IMO. But this is still a good move though --having more competition in the exchange market.
If this exchange will be as good as binance did or much better then why not use it? Just expect BCH will be the trading fee or even the withdrawal fee.

But if he will continue to spread lies about bitcoin --make BCH as bitcoin. If the exchange will be like hitbtc or any crap exchange. I guess only BCH fanbois will use that exchange. If ever~

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Quote from: SportbetMaster on October 09, 2018, 05:35:45 PM

if Ver can give something better than what currently exists, why not, there is already exchange for btc and dex for eth, we will be pleased to have an exchange for the bch.

In that case yes why not, it would suit many BCH holders to use that exchange but for those that still do not forgive Ver for trying to kill Bitcoin and for the fact Ver never apologised means that they will never use any business or service connected to Ver.

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Quote from: JollyGood on October 12, 2018, 03:49:02 AM

I agree, if any new exchange follows the same format of KYC and trade then it will not be doing anything different so the chances are it will not be successful.

it partly depends on how many people land on bitcoin.com and what type of people they are. i have no idea about that stuff, but it sounds a lot more lucrative than a news site and forum. i'm sure roger is also considering what kind of promotion he might be able to give to bcash (and projects built on it) by launching new markets for them.

in the current environment, the market feels saturated. but in terms of volume and growth expectations, it's a better time now (or in the near future) than at the top of a bubble---like when circle purchased poloniex and the global volume decline set in.

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Quote from: leowonderful on October 09, 2018, 05:24:54 PM

He's got money for advertising, but that's really about it in my mind for Roger's exchange if it ever comes out. I can only see this being a regular old exchange with KYC that everyone hates and all the basic features of an exchange, perhaps with a few BCH oriented functions on the site. Perhaps this might gain a legitimate userbase initially, but I can't see this being too successful in the long run.

I agree, if any new exchange follows the same format of KYC and trade then it will not be doing anything different so the chances are it will not be successful.

Maybe Ver will decide not to launch an exchange because many people do not like anything associated with his name and reputation.

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It will probably a good way to give funds to other good projects on Bitcoin Cash.

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Quote from: pawel7777 on October 09, 2018, 03:56:02 PM

It will be hard for him to get traction if his exchange doesn't differ from others and doesn't offer anything special. But he could still beat Binance to open P2P exchange (where funds are controlled by traders), similar to EtherDelta but supporting more than just Ethereum tokens.

Whatever he's planning to do - good luck to him and let the free market decide on his success or failure.

I think traction and momentum is not on his side, that is obvious because he has many exchanges trading US$ hundreds of millions a day, a fairly regularly around a billion for Binance.

Yes the free market will decide the success or failure for any business but not everybody will wish him good luck because of his previous attempts to destroy Bitcoin by creating Bcash and trying to claim it is the "real" Bitcoin when it is nothing except a fork.

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Quote from: 1Referee on October 10, 2018, 04:08:43 PM

Quote from: pawel7777 on October 09, 2018, 03:56:02 PM

Who is creator of Bitcoin Cash and how exactly have they benefited any more than any other bitcoin holders?

Bitmain is it. That company is the main source of wealth and backing that BCash relies on. If Bitmain pulls back, BCash will turn into BTG within months.

considering how big their bcash bags are, i don't see that happening. Cheesy

Quote from: 1Referee on October 10, 2018, 04:08:43 PM

BCash represents both an attack on Bitcoin (which failed), and a backup SHA256 network allowing redundant gear to keep hashing in a profitable manner (which they succeeded in).

it was a pretty brilliant plan to address their oversupply of hardware. if they're using obsolete hardware to point at bcash, their mining costs are probably exorbitantly low. people (including me) always clown them about their bcash bags, but it's probably not as bad as it looks.

Quote from: 1Referee on October 10, 2018, 04:08:43 PM

How exactly have Bitcoin holders benefited from BCash other than selling their fork coins? It's not just free money that's handed over to them; if the attack succeeded Bitcoin would have proven to be easy to attack and take over. It was straight Russian roulette with potentially a catastrophic outcome. People don't realize how bad the situation at that point was. It's the first ever corporate takeover attempt.

i really don't think it really was a takeover attempt. XT, classic, BU were because they purported to decide hard fork validity based on hash power.

bcash was spun up at the last second before segwit activation and got very little hash power support at fork time. looking back, i think it was really more about bitmain's redundant hardware and to some extent, the ability to use covert asicboost. i don't think anyone thought it was ever going to be "bitcoin" and it obviously wasnt going to be adopted as such on that super rushed timeline and with such little exchange support. i also remember jihan wu iterating early on that "bitcoin cash is not bitcoin"......

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Quote from: LTU_btc on October 09, 2018, 03:46:46 PM

I don't think that it's too late to join crypto exchange market for Rodger Ver. But I hope that his project will fail, or at least wont become popular. I just hate ways how is trying to promote Bitcoin Cash and call it as real Bitcoin. Well, I have nothing against BCH itself, but I'm not going to support Ver business. Now original Bitcoin is described as Bitcoin Core on Bitcoin.com, and at the same time buying of Bitcoin Cash is "Recommended" on this website. It just confuse new users and Ver can benefit fom it on bigger scale by starting new exchange where BCH will be main currency.

Even if Bitcoin Cash becomes the base currency of any exchange I doubt very much it will do any damage to Bitcoin. Like you, I cannot support any business that Ver is involved in because of the damage he has tried to do to Bitcoin.

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Quote from: JollyGood on October 10, 2018, 05:14:52 PM

So many of the community would not even bother visiting his website or exchange because of the way Ver behaved towards the community in the past.

I wouldn't necessarily say that.

His bitcoin dot com wallet has over 1 million downloads in the Google Play Store. If even 10% of these downloads come from ignorant users not knowing what's going on, that's already an important gain for him.

Imagine how many average joes will install that wallet during the next bull run resulting in more mainstream adoption. These people don't know how bad of a character Roger Ver is.

He may be out to bank on the next boom by having an exchange built in his app, which admittedly could work out well. Time will tell if these are raw ideas or actual plans he's going to put all his time and effort in.

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Quote from: JollyGood on October 10, 2018, 05:14:52 PM

Quote from: ngm22585 on October 09, 2018, 03:36:26 PM

His reputation is in shambles, I don't think this will be even close to successful.

Agreed. So many of the community would not even bother visiting his website or exchange because of the way Ver behaved towards the community in the past.

On just how many times he do attacked Bitcoin and make some diversion of making people fooled into misleading information about Bitcoin then i would say that trusting him up
wont really be that easy unless if you are a fan of this d*ckhead then you will really use his exchange but majority would really have negative impressions about him.This wont succeed for sure.

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Quote from: ngm22585 on October 09, 2018, 03:36:26 PM

His reputation is in shambles, I don't think this will be even close to successful.

Agreed. So many of the community would not even bother visiting his website or exchange because of the way Ver behaved towards the community in the past.

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Quote from: pawel7777 on October 09, 2018, 03:56:02 PM

Who is creator of Bitcoin Cash and how exactly have they benefited any more than any other bitcoin holders?

Bitmain is it. That company is the main source of wealth and backing that BCash relies on. If Bitmain pulls back, BCash will turn into BTG within months.

BCash represents both an attack on Bitcoin (which failed), and a backup SHA256 network allowing redundant gear to keep hashing in a profitable manner (which they succeeded in).

Quote from: pawel7777 on October 09, 2018, 03:56:02 PM

how exactly have they benefited any more than any other bitcoin holders?

How exactly have Bitcoin holders benefited from BCash other than selling their fork coins? It's not just free money that's handed over to them; if the attack succeeded Bitcoin would have proven to be easy to attack and take over. It was straight Russian roulette with potentially a catastrophic outcome. People don't realize how bad the situation at that point was. It's the first ever corporate takeover attempt.

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Quote from: JollyGood on October 09, 2018, 01:50:42 PM

It is probably too late for Ver to join the crypto exchange market after the rise of Binance and several others.

Quote from: JollyGood on October 09, 2018, 05:15:18 PM

I think it will be difficult for him to succeed because there are too many exchanges already out there.

Numbers don't matter (somehow insignificant) but instead, having an exchange that's secure enough is the key and that's where he's lacking:

Quote from: JollyGood on October 09, 2018, 01:50:42 PM

why bother, Bitcoin was always going to win the battle against Bitcoin Cash.

Greed.

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Quote from: Slow death on October 09, 2018, 03:05:01 PM

this would not be a good move on his part, for someone who one day was a guy who promoted bitcoin and today want create an exchange that used bitcoin cash as the base currency it clearly sounds like he's hate bitcoin. with this move he wants bitcoin cash to gain attention and other exchange begin to implement bitcoin cash as the base currency. It is sad that he is still spiteful and very sad that there is bitcoin cash and so many other bitcoin hard fork that has strange objects and that only serve to enrich their creators

We all know what Ver thinks of Bitcoin and most of us made it clear what we think of him and Bitcoin Cash.

He would be under no obligation to use Bitcoin as the base currency or Bitcoin in any capacity, it would be his exchange if he chose to launch one. The question about it being commercially viable is more apt because of the saturated crypto currency market..

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Quote from: gentlemand on October 09, 2018, 06:26:37 PM

Quote from: LeGaulois on October 09, 2018, 06:19:30 PM

Everyone but please, not this guy! Cheesy

, By the way, he is already an investor in Kraken and some others companies. A crypto exchange for him

The exchanges he has invested in are not stupid and they're not charity cases.

If he starts attempting to get them to throw their business away to service his grudge they'll tell him to fuck off. Somewhere of Kraken's size will have some very significant investment from elsewhere and it won't be happy if he starts to meddle with it.

If he wants to continue on his doomed quest with an exchange that defies the laws of economics he'll have to create it himself.

Man, this guy is ready to do anything. He could run in the street naked if it could help. Remember a few months back when he posted manipulated photos on Twitter from a conference in Hong Kong.
Creating an exchange is perfect for him, in fact I would like to see him creating one to then watch for him on social media

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Quote from: LeGaulois on October 09, 2018, 06:19:30 PM

He will probably use Bcash with all pairs but not the same with BTC xD

if he tried to replace BTC pairs with BCH, the exchange would fail miserably. traders would avoid it like the plague. altcoin traders are trying to profit in bitcoins, not bcash. Cheesy

Quote from: JollyGood on October 09, 2018, 07:09:15 PM

You raise some interesting points but if memory serves me correct Ver was an investor in ShapeShift, now look at the state of it.

With his reputation and track record I doubt he would contribute anything positive as all he does seems to have undercurrents of his desire to either control Bitcoin, to take over it or destroy it.

i don't think the situation with shapeshift (or its direction) has anything to do with roger. i bet shapeshift was getting a lot of heat from regulators (probably in the USA) for not implementing KYC.

side note on that---now coinbase is even requiring KYC just to send/receive crypto. something larger is amiss here.

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Quote from: JollyGood on October 09, 2018, 01:50:42 PM

It states: "Will Ver’s Exchange Help to Reduce Dependence on Bitcoin (BTC)? For now, Ver has only mentioned the idea of launching his own cryptocurrency exchange briefly."

Report: https://www.newsbtc.com/2018/10/09/roger-ver-hints-at-launching-a-bitcoin-cash-centric-exchange/

It is probably too late for Ver to join the crypto exchange market after the rise of Binance and several others. If the report is true Ver will use Bitcoin Cash as the base currency but why bother, Bitcoin was always going to win the battle against Bitcoin Cash.

If its to join in on the exchange market, I don't think its too late for anyone to be on board. Even people who don't have the kind of assets Roger Ver has, are launching series of exchange sites everyday and they would surely carve a niche for themselves. For Roger, it might be tough but the little goodwill he has been able to garner would surely worth something when he launches.

Helping to reducing dependence on bitcoin is a far fetching dream that I don't see happening any time soon. When people launch any platform, you do so because you want to meet a need in the market not solely because you want to end the reign of another product when one does that, he would only be carried away with policies that would want to meet up with the other rather than growing at its own pace. In the end, its going to end up being a futile journey. I don't any special effect his exchange is going to have that would be more than the major exchange sites we have combined for it to reduce the dependency on bitcoin.

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Quote from: pitiflin on October 09, 2018, 03:02:10 PM

Quote from: JollyGood on October 09, 2018, 01:50:42 PM

It is probably too late for Ver to join the crypto exchange market after the rise of Binance and several others. If the report is true Ver will use Bitcoin Cash as the base currency but why bother, Bitcoin was always going to win the battle against Bitcoin Cash.

He is not late at all. Roger Ver can potentially change the entire crypto exchange market if he does things right. Just because he would use Bcash it won't make the exchange will fail. Think like this: People use Doge for exchanges because its fast, and low fees. So if Roger does something that would convince people to use Bcash than anything, then there's nothing wrong with that. Right now what the market needs is a decentralized instantaneous exchange ,and if Roger Ver or anyone else for that matter develops such an exchange and does a great follow up on it, then we enter a new era of crypto.

You raise some interesting points but if memory serves me correct Ver was an investor in ShapeShift, now look at the state of it.

With his reputation and track record I doubt he would contribute anything positive as all he does seems to have undercurrents of his desire to either control Bitcoin, to take over it or destroy it.

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Quote from: LeGaulois on October 09, 2018, 06:19:30 PM

Everyone but please, not this guy! Cheesy

, By the way, he is already an investor in Kraken and some others companies. A crypto exchange for him

The exchanges he has invested in are not stupid and they're not charity cases.

If he starts attempting to get them to throw their business away to service his grudge they'll tell him to fuck off. Somewhere of Kraken's size will have some very significant investment from elsewhere and it won't be happy if he starts to meddle with it.

If he wants to continue on his doomed quest with an exchange that defies the laws of economics he'll have to create it himself.

Topic: Roger Ver: Starting His Own Crypto Exchange? - page 4. (Read 3249 times)