zhoutong

8 ms·

1. 31.▲
   by zhoutong 11y ago

   Because the IPO prices in China are heavily regulated. Tech companies often raise little money in an IPO because it will always be significantly underpriced (generally 100%-300%). The authorities will make sure your IPO is oversubscribed by
2. 32.▲
   by zhoutong 11y ago

   It's a hugely underpriced IPO in a bubble (Tech stocks average P/E is over 100). +/- 10% is the price limit in Chinese stock markets. So rather than having a price jump, this stock continues going up with little volume, until
3. 33.▲
   by zhoutong 11y ago

   We've had the same issues at CoinJar, and we used SSH agent forwarding to solve it. This is how it can work: Every new instance of application server is provisioned automatically by a trusted server (which holds the key to a credential
4. 34.▲
   by zhoutong 11y ago

   Or just use a UNIQUE INDEX.
5. 35.▲
   CoinJar launches Hedged Accounts to offset Bitcoin price fluctuations for users(thenextweb.com)

   4 points by zhoutong 12y ago|0 comments
6. 36.▲
   CoinJar Touch - iOS Bitcoin wallet(itunes.apple.com)

   7 points by zhoutong 12y ago|0 comments
7. 37.▲
   Digital money will include the unbanked(medium.com)

   21 points by zhoutong 12y ago|11 comments
8. 38.▲
   Australia's CoinJar Moves HQ to UK for 'progressive' Bitcoin Scene(zdnet.com)

   2 points by zhoutong 12y ago|0 comments
9. 39.▲
   What’s next for CoinJar(blog.coinjar.com)

   14 points by zhoutong 12y ago|4 comments
10. 40.▲
    CoinJar pioneers Australia’s first Bitcoin EFTPOS card(startupsmart.com.au)

    3 points by zhoutong 12y ago|0 comments
11. 41.▲
    You can now buy a car with Bitcoin in Australia(venturebeat.com)

    2 points by zhoutong 13y ago|0 comments
12. 42.▲
    Pozible begins accepting Bitcoin for crowdsourced projects(zdnet.com)

    1 points by zhoutong 13y ago|0 comments
13. 43.▲
    by zhoutong 13y ago

    Definition of "custodial or depository service": http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/... There's nothing remotely similar. The Bitcoin payment is not an arrang
14. 44.▲
    by zhoutong 13y ago

    IANAL but applying your implied criteria it seems that every online store should hold AFSL because they take money from consumers. A "financial product" has been clearly defined in CA.
15. 45.▲
    by zhoutong 13y ago

    I can't see how Bitbillpay is remotely a custodial or depository service. No dollar ever changes hands (I pay your bills with my credit card, and you pay me in Bitcoin). Australia Post also explicitly allows "third party bill paym
16. 46.▲
    by zhoutong 13y ago

    To fairly judge my background, you should really only look at Bitcoinica between Sep 2011 and Jan 2012, when I actually had a management role in the business. The subsequent mis-management was entirely out of my control. I owned exactly zer
17. 47.▲
    by zhoutong 13y ago

    "Digital currencies potentially allow individuals and entities to conduct quick and complex international funds transfers outside the regulatory requirements of the traditional financial system. Digital currencies that are not backed,
18. 48.▲
    by zhoutong 13y ago

    It is absolutely a proof-of-concept. At the same time it's just one of the many tools I wish Bitcoin can have. I don't expect it to be profitable (unless you count credit card points) but I will keep it running to allow 694 biller
19. 49.▲
    by zhoutong 13y ago

    Whoops. Thanks for pointing out. Edited original post.
20. 50.▲
    by zhoutong 13y ago

    AUSTRAC has explicitly mentioned that Bitcoin and other crypto currencies are currently out of scope of AML/CTF. Bitbillpay doesn't accept fiat currencies. It's not a money transmitter. You can't use the service to get c
21. 51.▲
    by zhoutong 13y ago

    CoinJar is backed by AngelCube[0]. [0]: http://www.crunchbase.com/company/coinjar
22. 52.▲
    by zhoutong 13y ago

    Thanks. Actually you can use this service to pay all kinds of bills. There are almost 700 billers in Australia that accept POSTbillpay. It's just that the BPAY® trade mark is a lot more reputable and familiar to Aussies.
23. 53.▲
    by zhoutong 13y ago

    Actually that's exactly the point of this project. I run a startup called CoinJar (the first VC-backed Bitcoin startup in Australia) and Bitbillpay consumes CoinJar Checkout API. I will open source the project once it has gained some i
24. 54.▲
    Show HN: Bitbillpay - Pay any PostBillPay biller in Australia with Bitcoin(bitbillpay.com.au)

    80 points by zhoutong 13y ago|27 comments
25. 55.▲
    by zhoutong 13y ago

    A quick translation of the Baidu Jiasule press release: "As a cutting-edge IT guy and a professional webmaster, what else can showcase our difference? The answer is that we have Bitcoin! Bitcoin, as a new electronic and digital currenc
26. 56.▲
    by zhoutong 13y ago

    I wonder how feasible it is to do batch payments for Bitcoin or even credit card. Apple seems to do this successfully with its iTunes store (a typical micropayment use case) by charging credit cards in batches of $20 to $50 over a certain p
27. 57.▲
    by zhoutong 13y ago

    Nameservers have their IPs registered with the registry, and they are returned in the additional answers section. These are called "glue records".
28. 58.▲
    by zhoutong 13y ago

    From what I know, NAB's Foreign Currency account is still single currency. You need 10 accounts if you need 10 currencies, with $40/month fee if balance is lower than $20k. The benefit is with their Merchant Account , which can o
29. 59.▲
    by zhoutong 13y ago

    Thanks patio11 for the insight. Of course we fully understand and respect the bank's decision if they choose to close our business account. We already had the intention to close the account anyway. What's unacceptable is the total
30. 60.▲
    by zhoutong 13y ago

    For those interested, there's a discussion on Reddit (posted by my co-founder) as well: http://www.reddit.com/r/Bitcoin/comments/1ke0ro/commonwealth...