Why is UK so slow to jump on this? - page 5.

Anon136

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Quote from: stereotype on March 25, 2013, 07:12:15 AM

Wondering what other Brits think about the Bitcoin market in the UK. Specifically, what do you think about not having a professional, fully functioning, recognized Xchange somewhere in the UK, trading high volume GBP/BTC liquidity?

From a forward-thinking, enterprising perspective, im kinda thinking that the usual entrepreneurial Brit with funds, has missed this boat a little. Sure, business opportunities in Bitcoin are going to present themselves, as we go on, but currently, im just bombarded with USD biased experiences/interactions, wherever i navigate. Someone correct me if im wrong, but i don't even think https://bitbargain.co.uk/ is UK owned.

So, any smart UK centric business bods out there, care to share any current projects. Do you need help?

Just a thought, and most definitely not a invitation to swap nationalistic nonsense!

Britons are, for what ever reason, particularly indoctrinated. They tend to be more prone to using government to "solve" societal problems (that were caused by government in the first place but thats neither here nor there) and less interested in accepting market based approaches. Britons tend to see the market and government in polarized light of government being the source of all things good and the market being the source of all things bad. Where as Americans see government as a begrudgingly necessary evil, Britons tend see the market as a begrudgingly necessary evil.

anyway i should expect this to cause the UK to be a bit behind the curve in all things bitcoin

BlackBison

sr. member

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I didn't make my point clear, I was saying that there was a company making some good headway in the UK so I think it can be done. They had some issues with banks I believe, but they probably did not really try and resolve them after they lost faith in the project.

stereotype

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Quote from: BlackBison on March 25, 2013, 07:19:18 AM

Intersango were shaping up to be a strong UK based exchange, but they got scammed by Zhou Tong when they bought Bitcoinica which ruined them financially and also psychologically may have turned them away from Bitcoin as entrepreneurs.

Get that also. But also with clever marketing, could be a reason to build an attractive place to trade. I remember when Spread betting companies suffered from the scurge of dodgy operations when it all first took off early 00's, but there are very well and respected run UK/Gibraltar companies, operating now.

stereotype

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Quote from: Vladimir on March 25, 2013, 07:14:51 AM

I guess red tape is too thick. This is why no viable UK based exchange. Treatment of VAT and FSA licensing probably throwing the spanners in the works.

I get that. We certainly tend to build hurdles for ourselves. So i wonder if/how the FSA have been formally approached in some way....yes i watched Bank Of Dave!

BlackBison

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Intersango were shaping up to be a strong UK based exchange, but they got scammed by Zhou Tong when they bought Bitcoinica which ruined them financially and also psychologically may have turned them away from Bitcoin as entrepreneurs.

Vladimir

hero member

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I guess red tape is too thick. This is why no viable UK based exchange. Treatment of VAT and FSA licensing probably throwing the spanners in the works.

stereotype

legendary

Activity: 1554

Merit: 1000

Wondering what other Brits think about the Bitcoin market in the UK. Specifically, what do you think about not having a professional, fully functioning, recognized Xchange somewhere in the UK, trading high volume GBP/BTC liquidity?

From a forward-thinking, enterprising perspective, im kinda thinking that the usual entrepreneurial Brit with funds, has missed this boat a little. Sure, business opportunities in Bitcoin are going to present themselves, as we go on, but currently, im just bombarded with USD biased experiences/interactions, wherever i navigate. Someone correct me if im wrong, but i don't even think https://bitbargain.co.uk/ is UK owned.

So, any smart UK centric business bods out there, care to share any current projects. Do you need help?

Just a thought, and most definitely not a invitation to swap nationalistic nonsense!

Topic: Why is UK so slow to jump on this? - page 5. (Read 7726 times)