Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

London Stakes Its Claim As Global Bitcoin Hub

Recommended Posts

http://uk.reuters.com/article/2015/04/15/uk-currency-bitcoin-london-insight-idUKKBN0N622720150415

London, centre of the $5-trillion-a-day (3.3 trillion pounds) global currency market, now wants to be home to a controversial upstart - bitcoin.

British authorities have come out in support of digital currencies in the name of promoting financial innovation, while proposing that regulations should be drawn up to prevent their use in crime.

But it is technophiles who are leading the drive to make London a real-world hub for trade in web-based "cryptocurrencies", of which bitcoin is the original and still most popular.

Every Tuesday evening in a trendy cafe in London's Shoreditch neighbourhood, a group of digital currency enthusiasts gathers to discuss ideas, "vape" from e-cigarettes and exchange their pounds for bitcoins in a dedicated "ATM".

With more than 2,200 members, CoinScrum, run by a former derivatives trader who left the world of traditional finance to work on a digital currency start-up, is the biggest bitcoin networking group in the world. Its meetings draw a mostly young, mostly male crowd - some amateurs, others who have come to Britain to start bitcoin businesses.

Already the capital of traditional currency trading, London is competing with San Francisco's web expertise and New York's financial clout as it pushes to be the foremost financial technology - or fintech - centre in the world.

Is London the major centre for trading currency?

Share this post


Link to post
Share on other sites

Better still to go with more secure v2 crypto like Bytecoin.

http://bytecoin.org/

http://bytecoin.org/cryptonote/

Bytecoin had a very shady launch (massive premine) and is arguably a scam. The basic tech (cryptonote) is solid though and the clean version is called Monero (Esperanto for currency). Monero (XMR) is the best privacy-centric coin available IMHO.

https://moneroeconomy.com/faq/why-monero-matters

Also, here's the main thread on the bitcointalk forum:

https://bitcointalk.org/index.php?topic=583449.0

Fill your boots! DYOR; this is not advice etc. ;-)

Share this post


Link to post
Share on other sites

Bytecoin had a very shady launch (massive premine) and is arguably a scam. The basic tech (cryptonote) is solid though and the clean version is called Monero (Esperanto for currency). Monero (XMR) is the best privacy-centric coin available IMHO.

https://moneroeconomy.com/faq/why-monero-matters

Also, here's the main thread on the bitcointalk forum:

https://bitcointalk.org/index.php?topic=583449.0

Fill your boots! DYOR; this is not advice etc. ;-)

You will find that the supporters of a clone coin called monero (copied from bytecoin) are very vocal in spreading fud about bytecoin.

I notice you pasted a link to a Monero thread and you will see all the Monero trolls on there.

I personally know someone who mined BCN back in October/November 2012 but was called a liar by Monero fanatics - there you go. :rolleyes:

Share this post


Link to post
Share on other sites

The one you refer to is a long dead bitcoin/litecoin clone v1 coin with no market capitalisation to speak of.

Although you already knew that! :)

Ooh the thread's getting a bit bitcointalk.

Yes I did, probably from around those hazy bbqcoin days. There's about 600 now according to coin market cap.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   91 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.