I have some major questions about the Mt. Gox to Coinlab transition process which can be divided into three main areas. 1.) Technology transition 2.) Business transition 3.) Legal transition Technology transition: Are you guys writing your own code, website, etc. to perform bitcoin exchanges between people? Or are you using Mt. Gox's code? Or is Mt. Gox still hosting the technology side with only the logo change? If you are using Mt. Gox's code I feel like your programmers won't be intimate with all of the code. Remember when Bitcoinica transferred to Intersango? They gave a Ruby website to non-Ruby developers which led to unprecedented chaos. CHAOS. If Mt. Gox is hosting all of the technology side then I imagine there will be problems since the team is split into two different hemispheres. If you are writing your code from scratch it will be untested. What language are you using? Can you describe some of your coding practices? Database? Are you using the Amazon cloud? The cloud is known for going down (Coinbase uses the Amazon cloud and it goes down from time to time. Who knows how Coinbase runs the qt client in the cloud or if they run multiple instances of the qt client to get it to scale.) Business transition: Mt. Gox has a team of at least four people, and I know they hired some more to handle the volume. What kind of team do you have in place? Will your site still be able to handle Dwolla, bank transfer, etc. types of transactions? Mt. Gox was hacked because the original founder leaked his access to hackers. Will you give access to Mark? How is the GPU processing going or are you pivoting to this new business model? How many businesses can you run at once with the funding that you have? "Wall Street" was mentioned to handle high-net worth individuals. What kind of progress have been made here? Are we talking about a Nasdaq ticker or a fund of some sort? Legal transition: For verified users, Mt. Gox has all of our documents. How will this be handled? Will you report all trades to the IRS? Or, will you consider Bitcoin a commodity? How do you deal traded coins vs mined coins in terms of taxes? If the gov't has a warrant for info on an individual how will you deal with this? It seems like you would have no choice but to comply with the gov't or risk going to jail. What if the president makes bitcoins illegal (as was done with gold in the 1930s). Sorry if there are so many questions...because there are. :P
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Coinbase Vs Coinbase Pro ( GDAX) BitCoin Wallet. Transaction Fees comparison
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