Winklevoss Twins Aim to Take Bitcoin Mainstream With a Regulated Exchange

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: ChuckBuck on February 02, 2015, 10:08:07 AM

Quote from: avw1982 on February 02, 2015, 02:57:55 AM

I think they will just do it for the value of their own coins.

Great tactic from them.

Of course, they're doing it for the value of their own coins! You think they're doing this from the kindness of their hearts.

That they're the Mother Theresa or Ghandhi of Bitcoin or something?!

This is business, baby. They want to take that Facebook settlement money turn it into Bitcoin moon money and shart it all over Zuckerberg's face.

Or take Zuckerberg's money and prove they have no business acumen. They have a unique opportunity to show the world that Zuckerberg was right and their only claim to fame is old frat brothers that graduated from Harvard law school concentrating in tort law.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Quote from: avw1982 on February 02, 2015, 02:57:55 AM

I think they will just do it for the value of their own coins.

Great tactic from them.

Of course, they're doing it for the value of their own coins! You think they're doing this from the kindness of their hearts.

That they're the Mother Theresa or Ghandhi of Bitcoin or something?!

This is business, baby. They want to take that Facebook settlement money turn it into Bitcoin moon money and shart it all over Zuckerberg's face.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: avw1982 on February 02, 2015, 02:57:55 AM

I think they will just do it for the value of their own coins.

Great tactic from them.

But they are there for the very long run, which in return will end up benefiting all investors and holders and thus the coin itself.

turvarya

hero member

Activity: 714

Merit: 500

Quote from: Nagle on February 01, 2015, 03:22:11 AM

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

There is no point in getting 1% of all BTC, just to sell it.
If they just wanted to play the market, they could have done that with daytrading and never accumulating nearly as much as 1%.

avw1982

hero member

Activity: 644

Merit: 500

I think they will just do it for the value of their own coins.

Great tactic from them.

Gleb Gamow

vip

Activity: 1428

Merit: 1145

Fact: The general consensus is that Winklevii hasn't spent ANY of their BTC holdings.

Fact: https://www.youtube.com/watch?v=VHSRTorquVk

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: BillyBobZorton on January 31, 2015, 09:32:22 PM

Quote from: ChuckBuck on January 30, 2015, 11:39:09 AM

Quote from: manselr on January 30, 2015, 11:32:44 AM

Quote from: Rampton on January 30, 2015, 11:23:14 AM

I don't see the big deal in this other than having the Winkelvi name attached. Don't get me wrong I'm glad they're getting involved and are promoting bitcoin but I'm more concerned about decentralized exchanges. I'm sure this is just a ploy for them to scoop up massive amounts of bitcoins easily through taking their cut of fees.

Dude this is literally the only way to have all these clueless old wealthy guys getting involved with Bitcoin. They wouldn't invest any other way unless there is a regulated certified serious exchange.

Yes, exactly. This is a really big deal.

The Winklevii are trying to get old money/Wall Street money to pour in more dough into Bitcoin. Trade it up, down, sideways, long, short, etc...

Only way you can do that is with fully licensed and regulated exchanges. They don't/won't put their old bank money into a Slovenian exchange like BitStamp or a Bulgarian exchange like BTC-E.

But you launch a legit/licensed suit and tie exchange based in the financial capital of the world New York, and basically make the "Nasdaq" of Bitcoin, you best believe they will line the fuck up.

You know what happens when those bigtime hedge funds get involved....

Man I cant wait to see that image again in one of the exchanges. Remember in MT Gox the moon man when we reach 1k? I hope winklevii put a moon man too in gemini when we hit 10k :p

I like the waving Bitcoin flag you choose there
I agree that big money will come when players are seen as more trustworthy as far as I can see the old capital will likely wait for the Winkevelli to have something running before putting in more investment into Bitcoin as a financial instrument
R@D is seperate but once we have nice hedge funds it should be good for price

neurotypical

hero member

Activity: 672

Merit: 503

Quote from: cbeast on February 01, 2015, 06:45:11 AM

Quote from: oblivi on February 01, 2015, 06:23:43 AM

Quote from: cbeast on February 01, 2015, 03:42:01 AM

Quote from: Nagle on February 01, 2015, 03:22:11 AM

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

That what all stocks are. Nothing new except Bitcoin doesn't have Wall Street to dump them on...yet.

Well not technically but we have the equivalent of Bitcoin wall street walles: early adopters. These dumb lucky cunts can dump on us anytime they want and crash it.

Weak hands have been saying that exact thing since the 1000x run up to one dollar. They will be saying that when price reaches $10k.

I cant wait to see what the hell they come up with after we reach ATH again. It will be historical to see Peter Schift and the rest of clueless old people having to admit they are wrong.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: oblivi on February 01, 2015, 06:23:43 AM

Quote from: cbeast on February 01, 2015, 03:42:01 AM

Quote from: Nagle on February 01, 2015, 03:22:11 AM

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

That what all stocks are. Nothing new except Bitcoin doesn't have Wall Street to dump them on...yet.

Well not technically but we have the equivalent of Bitcoin wall street walles: early adopters. These dumb lucky cunts can dump on us anytime they want and crash it.

Weak hands have been saying that exact thing since the 1000x run up to one dollar. They will be saying that when price reaches $10k.

oblivi

hero member

Activity: 700

Merit: 501

Quote from: cbeast on February 01, 2015, 03:42:01 AM

Quote from: Nagle on February 01, 2015, 03:22:11 AM

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

That what all stocks are. Nothing new except Bitcoin doesn't have Wall Street to dump them on...yet.

Well not technically but we have the equivalent of Bitcoin wall street walles: early adopters. These dumb lucky cunts can dump on us anytime they want and crash it.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: Nagle on February 01, 2015, 03:22:11 AM

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

That what all stocks are. Nothing new except Bitcoin doesn't have Wall Street to dump them on...yet.

Nagle

legendary

Activity: 1204

Merit: 1002

Those guys are still trying to figure out how to unload their Bitcoins. They own enough that they'd crash any existing exchange if they sold. Their proposed ETF scheme was a dump. Their exchange scheme is probably a dump, too.

They would have done better if they'd just been selling steadily all year.

Q7

sr. member

Activity: 448

Merit: 250

Quote from: Cryddit on January 30, 2015, 12:14:13 PM

Quote from: QuestionAuthority on January 30, 2015, 11:16:19 AM

I don't understand why yanks feel that the entire world revolves around them. It's not possible for anyone or any business to make a monopoly out of Bitcoin trading or exchanging. My point was that it's not possible for that stupid bully country America to control anything about Bitcoin. They can pass all the laws they want and sit on commerce and industry until their 3 hundred million people starve to death. The other 7 billion people will play in a different sandbox.

I think the regulated exchange laws and KYC stuff have pretty much become international at this point. I don't know how it looks where you are, but in pretty much every nation where I have correspondents who know about such things, the basic rules are pretty much as they are here. You have to get licensed to run an exchange, and ensure that customers provide ID to open a bank account or use a trading account, whether you are in New York, Hong Kong, or Cartagena. I'm not sure how it works in Istanbul or Cairo, but I expect it's the same.

Cryddit

It's the same from where I came from as well. The minimum is scanned copy of government issued ID when making fiat withdrawals. Although the government didn't spell out the exact details but exchangers in general will by themselves make it compulsory to avoid the legal aspect that arises later part.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: ChuckBuck on January 30, 2015, 11:39:09 AM

Quote from: manselr on January 30, 2015, 11:32:44 AM

Quote from: Rampton on January 30, 2015, 11:23:14 AM

I don't see the big deal in this other than having the Winkelvi name attached. Don't get me wrong I'm glad they're getting involved and are promoting bitcoin but I'm more concerned about decentralized exchanges. I'm sure this is just a ploy for them to scoop up massive amounts of bitcoins easily through taking their cut of fees.

Dude this is literally the only way to have all these clueless old wealthy guys getting involved with Bitcoin. They wouldn't invest any other way unless there is a regulated certified serious exchange.

Yes, exactly. This is a really big deal.

The Winklevii are trying to get old money/Wall Street money to pour in more dough into Bitcoin. Trade it up, down, sideways, long, short, etc...

Only way you can do that is with fully licensed and regulated exchanges. They don't/won't put their old bank money into a Slovenian exchange like BitStamp or a Bulgarian exchange like BTC-E.

But you launch a legit/licensed suit and tie exchange based in the financial capital of the world New York, and basically make the "Nasdaq" of Bitcoin, you best believe they will line the fuck up.

You know what happens when those bigtime hedge funds get involved....

Man I cant wait to see that image again in one of the exchanges. Remember in MT Gox the moon man when we reach 1k? I hope winklevii put a moon man too in gemini when we hit 10k :p

cozk

hero member

Activity: 812

Merit: 500

Quote from: oblivi on January 30, 2015, 12:09:49 PM

Quote from: Sindelar1938 on January 30, 2015, 12:01:15 PM

It's big talk so far. If Gemini is even half as good as they claim, it will be an absolute winner
Wait and see

Well its not that difficult to beat any of the exchanges we've seen so far, considering the biggest one was run by Magic the Gathering card traders.

lol

botany

legendary

Activity: 1582

Merit: 1064

Quote from: TrailingComet on January 30, 2015, 09:10:34 PM

Great idea that may help make a difference to adoption
Believe it when I see it, though

We have been waiting for a long time, though.

TrailingComet

sr. member

Activity: 462

Merit: 250

Great idea that may help make a difference to adoption
Believe it when I see it, though

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Cryddit on January 30, 2015, 12:14:13 PM

Quote from: QuestionAuthority on January 30, 2015, 11:16:19 AM

I don't understand why yanks feel that the entire world revolves around them. It's not possible for anyone or any business to make a monopoly out of Bitcoin trading or exchanging. My point was that it's not possible for that stupid bully country America to control anything about Bitcoin. They can pass all the laws they want and sit on commerce and industry until their 3 hundred million people starve to death. The other 7 billion people will play in a different sandbox.

I think the regulated exchange laws and KYC stuff have pretty much become international at this point. I don't know how it looks where you are, but in pretty much every nation where I have correspondents who know about such things, the basic rules are pretty much as they are here. You have to get licensed to run an exchange, and ensure that customers provide ID to open a bank account or use a trading account, whether you are in New York, Hong Kong, or Cartagena. I'm not sure how it works in Istanbul or Cairo, but I expect it's the same.

Cryddit

Of course they have some kind of FATF law in most places. They aren't all the same and none are voted for, enacted, or enforced by the U.S. except those in the U.S. American business monopolies are inconsequential outside of the U.S. The great thing about Bitcoin is its ability to be used from anywhere in the world to fund an account anywhere in the world.

Finchy

sr. member

Activity: 315

Merit: 250

Quote from: oblivi on January 30, 2015, 12:09:49 PM

Quote from: Sindelar1938 on January 30, 2015, 12:01:15 PM

It's big talk so far. If Gemini is even half as good as they claim, it will be an absolute winner
Wait and see

Well its not that difficult to beat any of the exchanges we've seen so far, considering the biggest one was run by Magic the Gathering card traders.

I don't think that's true. It used to be used for trading MTG cards but the site was bought by Karpales and changed to exchange bitcoin.

Cryddit

legendary

Activity: 924

Merit: 1132

Quote from: QuestionAuthority on January 30, 2015, 11:16:19 AM

I don't understand why yanks feel that the entire world revolves around them. It's not possible for anyone or any business to make a monopoly out of Bitcoin trading or exchanging. My point was that it's not possible for that stupid bully country America to control anything about Bitcoin. They can pass all the laws they want and sit on commerce and industry until their 3 hundred million people starve to death. The other 7 billion people will play in a different sandbox.

I think the regulated exchange laws and KYC stuff have pretty much become international at this point. I don't know how it looks where you are, but in pretty much every nation where I have correspondents who know about such things, the basic rules are pretty much as they are here. You have to get licensed to run an exchange, and ensure that customers provide ID to open a bank account or use a trading account, whether you are in New York, Hong Kong, or Cartagena. I'm not sure how it works in Istanbul or Cairo, but I expect it's the same.

Cryddit

Topic: Winklevoss Twins Aim to Take Bitcoin Mainstream With a Regulated Exchange (Read 3433 times)