Topic: What do you want in a new Bitcoin Exchange? - page 4. (Read 5783 times)
Cheap withdraws. Deposits can be more because there is more risk. Btc to $ to dwolla carries little risk for the exchange. Both gox and tradehill do withdraws cheap and have higher volume because of it.
People using it?
I'm sorry if I sound pessimistic, but I don't know if we need yet another exchange that no one uses. Here's some info on previous attempts:
- ExchB offered same day bank deposits for free and they had to close.
- CampBX has shorting implemented and tested, but they need more volume to enable it. After 5 months they have ~1% of MtGox's volume.
- Ruxum had 'wall street security' and support for lots of currencies (the last trade at Ruxum was 2 days ago).
- CryptoExchange is the most recent one. Everyone was talking about it, but their current volume is also very low.
You need to offer something that will disrupt the market. Something like credit card deposits (note that other people are probably already working on this). But even if you had a cool idea, it will be hard for you to steal customers from well established exchanges. This is a small market and MtGox is where the action is.
I'm sorry if I sound pessimistic, but I don't know if we need yet another exchange that no one uses. Here's some info on previous attempts:
- ExchB offered same day bank deposits for free and they had to close.
- CampBX has shorting implemented and tested, but they need more volume to enable it. After 5 months they have ~1% of MtGox's volume.
- Ruxum had 'wall street security' and support for lots of currencies (the last trade at Ruxum was 2 days ago).
- CryptoExchange is the most recent one. Everyone was talking about it, but their current volume is also very low.
You need to offer something that will disrupt the market. Something like credit card deposits (note that other people are probably already working on this). But even if you had a cool idea, it will be hard for you to steal customers from well established exchanges. This is a small market and MtGox is where the action is.
Therein lies the key: Disruptive Technology or Disruptive Innnovation
This, I believe, is the Holy Gail of Bitcoin.
People using it?
I'm sorry if I sound pessimistic, but I don't know if we need yet another exchange that no one uses. Here's some info on previous attempts:
- ExchB offered same day bank deposits for free and they had to close.
- CampBX has shorting implemented and tested, but they need more volume to enable it. After 5 months they have ~1% of MtGox's volume.
- Ruxum had 'wall street security' and support for lots of currencies (the last trade at Ruxum was 2 days ago).
- CryptoExchange is the most recent one. Everyone was talking about it, but their current volume is also very low.
You need to offer something that will disrupt the market. Something like credit card deposits (note that other people are probably already working on this). But even if you had a cool idea, it will be hard for you to steal customers from well established exchanges. This is a small market and MtGox is where the action is.
I'm sorry if I sound pessimistic, but I don't know if we need yet another exchange that no one uses. Here's some info on previous attempts:
- ExchB offered same day bank deposits for free and they had to close.
- CampBX has shorting implemented and tested, but they need more volume to enable it. After 5 months they have ~1% of MtGox's volume.
- Ruxum had 'wall street security' and support for lots of currencies (the last trade at Ruxum was 2 days ago).
- CryptoExchange is the most recent one. Everyone was talking about it, but their current volume is also very low.
You need to offer something that will disrupt the market. Something like credit card deposits (note that other people are probably already working on this). But even if you had a cool idea, it will be hard for you to steal customers from well established exchanges. This is a small market and MtGox is where the action is.
I disagree, we always need new exchanges. However I believe it will be shut down pretty quickly, if it is not profitable. Therefor you need some kind of new features which are gonna attract people.
My feature lists:
- Create at least some minimal bot, integrated with mtgox which keeps asks and bids close to the market price (arbitrage)
- physical location with cash exchange would be cool
- as many withdraw/deposit methods as possible with as little costs as can be
There could be lot of improvement on country-specific exchanges.
People using it?
I'm sorry if I sound pessimistic, but I don't know if we need yet another exchange that no one uses. Here's some info on previous attempts:
- ExchB offered same day bank deposits for free and they had to close.
- CampBX has shorting implemented and tested, but they need more volume to enable it. After 5 months they have ~1% of MtGox's volume.
- Ruxum had 'wall street security' and support for lots of currencies (the last trade at Ruxum was 2 days ago).
- CryptoExchange is the most recent one. Everyone was talking about it, but their current volume is also very low.
You need to offer something that will disrupt the market. Something like credit card deposits (note that other people are probably already working on this). But even if you had a cool idea, it will be hard for you to steal customers from well established exchanges. This is a small market and MtGox is where the action is at.
I'm sorry if I sound pessimistic, but I don't know if we need yet another exchange that no one uses. Here's some info on previous attempts:
- ExchB offered same day bank deposits for free and they had to close.
- CampBX has shorting implemented and tested, but they need more volume to enable it. After 5 months they have ~1% of MtGox's volume.
- Ruxum had 'wall street security' and support for lots of currencies (the last trade at Ruxum was 2 days ago).
- CryptoExchange is the most recent one. Everyone was talking about it, but their current volume is also very low.
You need to offer something that will disrupt the market. Something like credit card deposits (note that other people are probably already working on this). But even if you had a cool idea, it will be hard for you to steal customers from well established exchanges. This is a small market and MtGox is where the action is at.
A friend of mine is thinking about opening a Bitcoin exchange and I told him I'd see what the community is looking for. I know a lot of the exchanges have problems so I'm wondering what you would like to see in the 'perfect' exchange?
TMA
TMA
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