BitShares Forum
Other => Random Discussion => Topic started by: MrJeans on July 25, 2015, 12:41:46 pm
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A 'next generation bitcoin exchange'
Its related to Bitcoin yet every statement on their web front page is related to trust and centralized problems. The only way forward is a decentralized exchange otherwise counterparty risk will always be a problem.
"Gemini operates fully in the United States. We work exclusively with American banks; your dollars never leave the country." Excellent
"Keeping your money safe is our top priority. We have assembled the nation's top security experts and financial engineers to make sure Gemini stays secure." ummm.. heard of the blockchain.
"We are working with federal and state governments to launch in full compliance with all Bitcoin regulations and consumer protection laws." aaaahh sounds scary :o
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i hope the Winklevii twins are able to drum up new interest in crypto by launching this exchange and hopefully getting their ETF off the ground; they're taking the regulator compliant route, which is fine and likely needed to bring in new capital to markets that are seen by many to be unregulated and dangerous bc of it. that said, their exchange isn't a novel tech solution for those of us accustomed to some of the real potential of blockchain tech. exchange solutions like blocktrades.us and shapeshift.io will keep my business for the foreseeable future.