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Winklevoss Twins’ Bitcoin Exchange

gemini.com

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Re: Winklevoss Twins’ Bitcoin Exchange

#11

Post by bko »

ryanworl wrote: post #8
bko wrote: post #4

> Gemini operates fully in the United States. We work exclusively with American banks; your dollars are eligible for FDIC insurance and never leave the country Is this just for the cash balance with the exchange or the bitcoin balance as well? I can't imagine it does, but it would be a strong selling point if it did. If its not, its pretty misleading as written. > FDIC insurance covers all types of deposits received…

I think it is written fairly. Bitcoins and not dollars, and the rest of those things you listed that are covered by FDIC insurance are denominated in dollars. If someone (not you specifically) cannot understand the difference between dollars and bitcoins, they shouldn't be trading currencies.

Well, some people want exposure to bitcoins without necessarily understanding the block chain, recourse or anything really. That's the whole pitch behind everything the Winklevosses do in this domain. That's why they opened a bitcoin exchange traded fund and that's probably their rationale behind this exchange. Saying that "your dollars are eligible for FDIC insurance and never leave the country" makes someone think that their bitcoin balance is FDIC insured. I wasn't sure at first either and stock exchanges very explicitly state that their products are not FDIC insured and may lose value. Maybe the exchange has a similar disclaimer when you buy bitcoins on the exchange but I still think its a bit misleading to have that basically front and center.

Nothing wrong with wanting to invest in bitcoins without fully understanding them.

Re: Winklevoss Twins’ Bitcoin Exchange

#15

Post by colinplamondon »

artursapek wrote: post #10

It's live! You can see there is some activity starting: https://cryptowat.ch/gemini Also, there was a great post on /r/bitcoinmarkets by the CTO of another exchange, picking apart Gemini's technical setup. Worth a read if you're into modern frontend web development. https://www.reddit.com/r/BitcoinMarkets/comments/3nkxh3/gemi...

I find this kind of analysis way more interesting than highscalability. Different audiences, but these kind of frontend-centric articles are incredibly actionable.

Re: Winklevoss Twins’ Bitcoin Exchange

#16

Post by dubcanada »

artursapek wrote: post #10

It's live! You can see there is some activity starting: https://cryptowat.ch/gemini Also, there was a great post on /r/bitcoinmarkets by the CTO of another exchange, picking apart Gemini's technical setup. Worth a read if you're into modern frontend web development. https://www.reddit.com/r/BitcoinMarkets/comments/3nkxh3/gemi...

I'm not sure if 'picking apart Gemini's technical setup' is the right way to describe it, I tend to think of 'picking apart' being negative while the comments are entirely positive.

Re: Winklevoss Twins’ Bitcoin Exchange

#17

Post by StriverGuy »

dmalvarado wrote: post #13

On an unrelated note, can anyone tell me what that parallaxy, image sliding feature of their website is, so search for it and learn it?

I was just going to comment how nice the design is on this page. The parallax is very fluid and I love the 3-D line/polygon thing going on...

Re: Winklevoss Twins’ Bitcoin Exchange

#18

Post by haakon »

patio11 wrote: post #9
eterm wrote: post #5

Earlier quoted context omitted.

Is this a dank meme based on the fall of mtgox or are there actually malleability attacks going on?

The Bitcoin network is presently undergoing a malleability attack designed to cause Bitcoin nodes to run out of memory. http://motherboard.vice.com/read/i-broke-bitcoin

Not quite; there are two separate attacks currently ongoing against Bitcoin:

* The malleability attack: a transaction relayer is able to change the hash of the transactions, thus confusing senders or receivers who rely on this hash to check if the transaction has confirmed. This creates a nuisance, but all money arrive where they are supposed to. This attack does not affect memory usage on nodes, and it's an old and well-known issue.

* A transaction spam attack (misleadingly called a "stress test") where a shady group called coinwallet.eu creates a large amount of big transactions. These mostly have appopriate fees so that regular users who want their transactions to confirm in a timely manner has to out-bid the spammer. All the unconfirmed transactions are stored in the memory of nodes, so this severely affects memory usage (currently about 1 GB on some nodes).

Re: Winklevoss Twins’ Bitcoin Exchange

#19

Post by hellbanner »

dmalvarado wrote: post #13

On an unrelated note, can anyone tell me what that parallaxy, image sliding feature of their website is, so search for it and learn it?

Start here. http://keithclark.co.uk/articles/pure-css-parallax-websites/ http://keithclark.co.uk/articles/pure-css-parallax-websites/...

.. http://lmgtfy.com/?q=vertical+parralax+css+template

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