Quote from: NewLiberty on April 16, 2014, 07:41:13 PM

Quote from: uhoh on April 16, 2014, 06:16:55 PM

Quote from: seleme on April 16, 2014, 05:56:57 PM

Quote from: bobdude17 on April 16, 2014, 05:47:40 PM

Just in case you guys aren't watching Reddit:

Second Market Exchange is now LIVE!

https://www.secondmarket.com/bitcoin-trading

25BTC transaction minimum.

Ahead of schedule.

Not really the exchange as we are familiar with. I expected more than that.

This is not the exchange they're talking about, this is just how they get their coins for the BIT, its been up for a while now. Incidentally, they're very fast and professional. Great way of selling a large amount, a wire from a large registered broker looks better than "Bitstamp Slovenie"

You are showing the transfer to people with whom you spend the lower amount BIT pay than Bitstamp because some vendor will give you discounts? Or is this because the lower payout rate of BIT means you have to find some way to justify to someone that you sold under the market rate so you explain how good the wire transfer "looks"?

SecondMarket pay the market rate based on Stamp, so I'm not sure what you're getting at there. In terms of how the wire transfer "looks", yes. If I end up being audited I'd like the proof of earnings to come from a registered wall-street broker than a 3 year old bitcoin startup .. call me crazy!