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In bid for credibility, largest Bitcoin exchange moves to Silicon Valley
- vessenes 14y agoWe're super excited about this move; as some HN'ers know, I've put a few years into figuring out how to work with Gox. I'll dig up my old post and link to it here.
- vessenes 14y ago808 days ago, I wrote up some thoughts on Gox. Wow, it's been a fun two years! http://news.ycombinator.com/item?id=1998899 http://news.ycombinator.com/item?id=1998899
- SkyMarshal 14y agoHaha, blast from the past, I remember reading that. First, congrats! Second, has anything significantly changed since you wrote that?
- mxxx 14y agoCongratulations, this is great news for the BTC community. We appreciate your hard work.
- simonsarris 14y agoSorry for the total sidetrack but I laughed out loud at this title. Maybe its just my New England sensibilities (read: frugality) talking, but I sometimes refer to Silicon Valley as "the land where money is make-believe". I'm referring to the (perceived) bubble of course, but also my (perceived) view of the conspicuous consumption that seems much more pronounced over there than around here, perhaps as a result of VC money. I swear walking around some places I didn't see a car that was made between the years 1960 to 2005. They all looked either vintage or brand new. Not that it's a bad thing, I'm sure people have a great time and get things done, etc, but my mind translates the title as "In a bid for credibility, largest make-believe currency exchange moves to the land where money is make-believe". I mean is there a place in the U.S. where the cultural perception is that people take large sums of money less seriously? (Maybe D.C.)
- jiggy2011 14y agoMake believe is the new real.
- Aqueous 14y agoThe US Dollar is a make-believe currency. It only ever has as much value as we believe it has.
- cma 14y agoTaxes are paid in dollars. You can see dollars as some sort of collective hallucination if you want, but that fact ultimately keeps them grounded.
- paulgb 14y agoExactly. Money may be make believe, but the bars you'll be behind if you evade taxes are real.
- shredfvz 14y agoYeah, teh USD wins ... because "OR ELSE" end of story, right?
- mrb 14y agoI think the parent's point stands: the dollar (or any currency for that matter) is artificial. The government merely "declares" it has value, hence making it "make-believe". In the hypothetical scenario where it ends up suffering from hyperinflation, it would lose all its make-believe value, just the way the Zimbabwean dollar died.
- camus 14y agoCan people pay there taxes in bitcoins ? ( it's a question).
- 14y ago
- joe_the_user 14y agoSomehow moving to a location further from the reach of the US government would give me more confidence. Kim dotcom's case shows the US willing to even break it's own laws to stop things it doesn't like. I suspect Bitcoin isn't a target currently but why bet that the situation won't change. The US arguably will a significant incentive do things to protect its currency if Bitcoin truly becomes an alternative currency.
- celticninja 14y agoOnly matter is you are from the US. Moving this closer to the US only works for regulating it within US borders, as a peer-2-peer currency there is very little the US could do to affect it globally. In addition this may actually strengthen the currency, as big players get involved and tie up money in BTC then they are more likely to want (and be able) to get the US Govt on side when discussing BTC. This affects the global exchange rate and strengthens the currency outside of the US as people become less worried by ridiculous laws designed to hinder or stop bitcoin's progress.
- tantalor 14y agoThe real news here is the (promised) partnership with Silicon Valley Bank.