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Anyone in the know care to give a tl;dr for this, or even a bit of background?

• fnordfnordfnord 13y ago
  Coinlab, a who is NOT a YC backed company, aimed to partner with MtGox and provide a point of exchange in the US to ease the difficulty of transferring money to and fro for US customers. Sorry, that's the best I can do at the moment. I originally posted that Coinlab was a YC startup, because I was confused.
  • rdl 13y ago
    No. Coinbase is a YC backed company (hn user barmstrong and an ex-Goldman dude). Coinbase is not involved in this shit at all, except by virtue of being a Bitcoin business. Coinlab is a company with Draper investment and some other angels, not YC, and did the weird marketing/sale deal with MtGox. http://arstechnica.com/business/2012/04/coinlab-gets-500000-in-vc-for-bitcoin-related-gaming-startup/ http://arstechnica.com/business/2012/04/coinlab-gets-500000-... Coinbase is tiny compared to MtGox/Coinlab. I'm sure YC wishes it were an investor in MtGox/Coinlab too! (Adding to the confusion: the founder of MtGox left a while ago and created a company in the Bay Area called OpenCoin, Inc. (opencoin.com) which is creating RipplePay, a weird p2p debt currency, also non-anonymous. There's a great open source project doing a blinded token anonymous cash system called OpenCoin (opencoin.org) too, entirely unrelated, who complained about their name getting jacked.)
    • fnordfnordfnord 13y ago
      Scheisse! Thanks for pointing that out!