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Considering just how much Bitcoin the Winklevoss twins own, it is in their best interests to do right by Bitcoin holders and create a secure and accountable exc

Considering just how much Bitcoin the Winklevoss twins own, it is in their best interests to do right by Bitcoin holders and create a secure and accountable exchange. Historically every bad thing that has happened to Bitcoin mostly indirectly has affected its price which from an existing investment perspective obviously sucks, but is great for new buyers to get into the market. I have no doubt if they can pull this off that it'll be a successful venture, especially after the horrible year of 2014 which saw tonnes of cryptocoin exchanges (including Mt. Gox) get hacked and disappear, driving down the price each time. They have a bit of competition in the space, I think overcoming the regulation issues and having actual proper accountability will help bolster the credibility of the exchange.

hnnewguy 12y ago
>Considering just how much Bitcoin the Winklevoss twins own, it is in their best interests to do right by Bitcoin holders and create a secure and accountable exchange. The executives in pretty much every corporate scandal, ever, held vast numbers of company shares.
drzaiusapelord 12y ago
>get hacked and disappear Is this the accepted narrative? It seems overly generous to bitcoin and the various exchange operators. A lot of these exchanges were shutdown by their owners so they could, with impunity, steal the coins of their customers and other dirty dealings. Hacker attacks, which are often used as cover for these criminal activities, seem to have been the least of bitcoin's problems. > I think overcoming the regulation issues and having actual proper accountability will help bolster the credibility of the exchange. If I wanted to use an easy and stable regulated currency why not the USD? I can trivially pay using a variety of sources: my own bank, paypal, my credit cards, direct deposit, wire, etc. If bitcoin gets turned into a strongly controlled and regulated currency then I don't see its competitive advantage outside of very, very narrow use cases (darknet purchases, investing, ransomware, illegal activities, etc).

hnnewguy 12y ago

>Considering just how much Bitcoin the Winklevoss twins own, it is in their best interests to do right by Bitcoin holders and create a secure and accountable exchange. The executives in pretty much every corporate scandal, ever, held vast numbers of company shares.

drzaiusapelord 12y ago

>get hacked and disappear Is this the accepted narrative? It seems overly generous to bitcoin and the various exchange operators. A lot of these exchanges were shutdown by their owners so they could, with impunity, steal the coins of their customers and other dirty dealings. Hacker attacks, which are often used as cover for these criminal activities, seem to have been the least of bitcoin's problems. > I think overcoming the regulation issues and having actual proper accountability will help bolster the credibility of the exchange. If I wanted to use an easy and stable regulated currency why not the USD? I can trivially pay using a variety of sources: my own bank, paypal, my credit cards, direct deposit, wire, etc. If bitcoin gets turned into a strongly controlled and regulated currency then I don't see its competitive advantage outside of very, very narrow use cases (darknet purchases, investing, ransomware, illegal activities, etc).