Quote from: peak on September 16, 2011, 12:44:21 PM

Quote from: zhoutong on September 14, 2011, 04:47:20 PM

Quote from: dancupid on September 14, 2011, 03:43:23 PM

Quote from: zhoutong on September 14, 2011, 02:38:33 PM

Quote from: Spacy on September 14, 2011, 02:04:32 PM

Why would you trade on a platform where you bet against the platform owner?

We're market maker, yes.

But we don't bet against our customers.

Why should we take the risk when we can comfortably earn the spreads and hedge the customers' orders elsewhere?

You can sign up for an account and see our historical prices. We are completely open about this data. If you want all our 120,000 ticks so far, I can export for you. Then you can compare with Mt. Gox prices.

Bitcoinica's price is extremely accurate - our highest on 9/11 is 7, not the ridiculous and non-tradable 15. If you short on Bitcoinica you won't be liquidated because of that. We use an algorithm to manage the prices with absolutely no human intervention.

A bit off topic - but have you any plans to create a Mandarin version of your website (and other languages)? I think you are in a strong position to impact on the Chinese uptake of bitcoin (您是中国人吗?)

Excuse me English users, I will reply this post in Chinese.

是的,我现在在新加坡学习。可惜目前我还没有打算把 Bitcoinica 做到国内市场去。中国的银行业和证券业对于投资者的限制是比较多的,如果突然移开这些限制去引入外国的市场模式,可能会引起一些社会问题。虽然目前比特币还没有引起政府的注意,但是估计也快了。

我想先把目标放在国际市场,并且坚持一个货币的制度(目前比特币兑美元和美元兑欧元之间的汇率浮动不是同一个数量级的,转换货币纯属浪费手续费)。一个月内,Bitcoinica 将会有重大改进,到时候对于国际用户来说会更加友好。

当然,如果你想跟 Bitcoinica 合作,在淘宝上做代充之类的业务,我会支持的。

Hi Zhutong,

I'm also a Chinese study in Singapore. I've looked for Alipay's API from Taobao and Tenpay's API from Tencent months ago. I found that They both have APIs for users to transfer their money to a third company, which means you can open an account for customers to deposit RMB via Alipay or Tenpay. The only problem is that they do not apply API for third company to transfer money to end users automatically, so you have to do it manually if users want to withdraw money to their Alipay or Tenpay account.

Anyway, it is better than Paypal which you can do nothing with.

Thanks for the suggestion!

We do not have any plans for supporting non-English market and non-USD currency at the moment.

We will consider internationalization when the Bitcoin market is larger.