Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

First U.S. Bitcoin Exchange Set to Open

wsj.com

Post reply on HN
Print view View original

61–64 of 64 posts

Re: First U.S. Bitcoin Exchange Set to Open

#61

Post by honeybooboo123 »

thinkcomp wrote: post #57
tlrobinson wrote: post #55

Earlier quoted context omitted.

IIRC it's possible to get a money transmitter "sublicense" (not sure if that's the right term) from another licensed money transmitter, which is perhaps what Coinbase is doing.

To the best of my knowledge, it's not. Instead they've hired Thomas P. Brown at Paul Hastings LLP/UC Berkeley as well as the former DFI Commissioner, Bill Haraf, to lobby on their behalf for forgiveness while they perpetually violate the California Money Transmission Act. Both have done quite well. Brown met with Robert Venchiarutti at DBO on October 25, 2013 at the very least, and also filed documents with the CA Of…

It all makes more sense when you see they're all psychopaths.

Re: First U.S. Bitcoin Exchange Set to Open

#62

Post by mirimir »

tlrobinson wrote: post #54
mirimir wrote: post #42

Earlier quoted context omitted.

That's too proprietary for me. Too much could go wrong. If someone has enough Bitcoins to bother with offline wallets, knowing how to use VMs isn't too much to expect.

Trezor uses BIP-32 hierarchical deterministic wallets, BIP-39 mnemonic seeds, an open communication protocol, and entirely open source software and hardware (firmware and schematics, no PCB). If you have concerns about the RNG you can import BIP-32/39 wallets from elsewhere. It also now supports multisig. I'm not really sure what storing entire VMs as "wallets" gets you. VMs don't protect the guest VM from a compromi…

I'm committed to freedom and requisite privacy. Bitcoins interest me primarily because they can (with some effort) be used anonymously. I advocate the compartmentalization of activity among multiple online identities. Each identity has dedicated VMs, and each VM reaches the Internet through some nested chain of VPNs, JonDonym and Tor. Consequently, Bitcoins end up in multiple VMs. Some VMs are associated with particular identities. Others are as anonymous as fresh Whonix instances can make them. I could transfer wallet credentials between VMs, but that would take about as much time as moving VMs around.

Anyway, that's what using VMs as wallet holders gets me.

My host machines all run Linux with dm-crypt/LUKS, and I have good physical security. If I were on the road, I'd buy a notebook for cash from some random shop, and boot Tails.

If I had to, I could operate without local storage, using information that I had encrypted and archived online. But a Trezor, even fresh and charged with recovered wallet credentials, could be found and taken.

Re: First U.S. Bitcoin Exchange Set to Open

#63

Post by beaner »

faisalkhan wrote: post #53
beaner wrote: post #51

Earlier quoted context omitted.

CoinX doesn't have a real product though do they? Does it count if you have the licenses but no exchange to use them with?

VP CoinX here: We do have an exchange, www.coinxtrader.com (it is mentioned on our main website, coinx.com). We were the very first exchange to obtain MTLs, that is the route we took when we established our company. With respect to the second point, "real-product" We have a working exchange in addition to money-transfer services in the shape of coinhub.com (which goes live in a few weeks time).

I tried signing up and I keep getting this:

"Password must be at least 8 characters and must include at least one upper case letter, one lower case letter, and one numeric digit"

even though my password meets the requirements.

Also, something seems off. There has to be a reason that you guys aren't used that isn't being acknowledged. I have never heard of anyone using your platform, ever, and when I search for images of the trading interface all I can find are stock photos of lame graphics. Seriously, what's up? There has to be a reason, right?

Re: First U.S. Bitcoin Exchange Set to Open

#64

Post by CoinXSupport »

beaner wrote: post #63
faisalkhan wrote: post #53

Earlier quoted context omitted.

VP CoinX here: We do have an exchange, www.coinxtrader.com (it is mentioned on our main website, coinx.com). We were the very first exchange to obtain MTLs, that is the route we took when we established our company. With respect to the second point, "real-product" We have a working exchange in addition to money-transfer services in the shape of coinhub.com (which goes live in a few weeks time).

I tried signing up and I keep getting this: "Password must be at least 8 characters and must include at least one upper case letter, one lower case letter, and one numeric digit" even though my password meets the requirements. Also, something seems off. There has to be a reason that you guys aren't used that isn't being acknowledged. I have never heard of anyone using your platform, ever, and when I search for images…

Could you please email support with your issue so we can take care of it?
Post reply on HN