ha, "gemini", get it?
No, what's the joke?
Winklevoss Twins’ Bitcoin Exchange
61–70 of 93 posts
Re: Winklevoss Twins’ Bitcoin Exchange
#62What is the best way to get bitcoin without associating it with your identity (credit cards, debt cards, etc). Accepting pre-paid cards is fine too
On localbitcoins.com or paxful.com you can buy bitcoin with prepaid vouchers, prepare to lose 20% for keeping your identity secure.
Re: Winklevoss Twins’ Bitcoin Exchange
#63Re: Winklevoss Twins’ Bitcoin Exchange
#64Earlier quoted context omitted.
I'm not a real trader... but i can see the value in trading something that goes up and down 30% in a quarter.. EDIT: those currencies you mention are under prolonged inflation and are tied to the economic output of some small countries... bitcoin isn't either of those
You can trade equity options and gain or lose far more than 30% in well under 90 days. The problem with Bitcoin is liquidity and market depth. Even if you're a small-time trader, there are better trading markets to focus your time and energy on. Regarding the random currencies I mentioned in jest: I was making the point that any obscure currency or security is just about as interesting as Bitcoin.
If you take the view that Bitcoin is just the start and the popularity of the blockchain to secure financial transactions will grow and become mainstream over time then this has first mover advantage written all over it.
Re: Winklevoss Twins’ Bitcoin Exchange
#65Earlier quoted context omitted.
You can trade equity options and gain or lose far more than 30% in well under 90 days. The problem with Bitcoin is liquidity and market depth. Even if you're a small-time trader, there are better trading markets to focus your time and energy on. Regarding the random currencies I mentioned in jest: I was making the point that any obscure currency or security is just about as interesting as Bitcoin.
If you take the view that Bitcoin is just the start and the popularity of the blockchain to secure financial transactions will grow and become mainstream over time then this has first mover advantage written all over it.
> ...this has first mover advantage written all over it.
No, it doesn't. Major financial institutions invest significantly in technology and many are already actively exploring the blockchain[1].
I wouldn't go so far as to say that the Winklevii can't stake out a position in the broader blockchain market, but a Bitcoin exchange isn't likely to help them establish a meaningful position.
[1] http://www.bloomberg.com/news/features/2015-09-01/blythe-mas...
Re: Winklevoss Twins’ Bitcoin Exchange
#66Re: Winklevoss Twins’ Bitcoin Exchange
#67Earlier quoted context omitted.
When he moves to a new neighborhood and wants to cloak the source of funds that buy up all the adjacent properties?
Did this actually happen?
Yes. He's now in a messy lawsuit over it.
http://www.bloomberg.com/news/articles/2015-06-02/zuckerberg...
Re: Winklevoss Twins’ Bitcoin Exchange
#68It'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...
interesting...
still doesnt talk about the actual API stack though. Conformal is using golang and Coinbase is using Ruby... wonder what these guys are using.
Re: Winklevoss Twins’ Bitcoin Exchange
#69ha, "gemini", get it?
Seems like a bad choice to me given that ISE already has an Options exchange called Gemini.
Re: Winklevoss Twins’ Bitcoin Exchange
#70What a beautiful, fast website.
Honestly when banks have crappy websites it makes me really feel like the engineers doing the backend work are terrible. I know this is a horrible bias but still if you can't spend the time to make a good website who says they didn't cut corners on security?
A local Credit Union had CAPTCHA's like, "4n1m4l" and (believe it or not) "b4nK3r". When I complained they snidely remarked that they were pretty sure they knew how to handle security.
That may be, but they no longer have my money.
Though, for what its worth, the biggest reason I left them is because they wanted to charge me a fee to deposit cash that my kids had saved up. "Because that's what Loomis Fargo charges us." So? Cost of doing business.
The irony that they were CHARGING ME TO GIVE THEM MONEY was completely lost on that particular teller.