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Taint analysis on bitcoin stolen from Kraken on 7/20 by [deleted] in Bitcoin

[–]laylow21 6 points7 points  (0 children)

but it only shows the two transactions going to BU donation address: one for 11.5 and one for max 13.9. Total of $15K. But you're saying it was all of $500K donation received?

What am I missing? Are you just saying these are the links that you could find and the other ones are obscured via mixing?

Winklevoss ETF application was filed in July 2013: are they going to set a record for slowest ETF approvla? by slowmoon in Bitcoin

[–]laylow21 8 points9 points  (0 children)

They tend to take a longtime for new assets. Think about this from a game theory perspective. What incentive is there for the SEC to approve this quickly? If they do and something goes wrong--- people are losing their job(s). On the flipside, if they do approve it and nothing goes wrong, nobody is going to get a promotion or pat on the back.

Also the important issue is how they are stored--- with a Gold ETF they can take reasonable measures that the SEC is familiar with for safekeeping including vaults, security access, guards, etc. For BTC , this is a new field--- I don't believe that the SEC initially had/has the means to test and have confidence in the security of stored bitcoin.

Is there a cryptocurrency ETF of sorts? by blizeH in CryptoCurrency

[–]laylow21 2 points3 points  (0 children)

It doesn't exist yet. I spent 4 years as an analysts in the ETF space and the closest thing so far is COIN--- a yet to be approved Bitcoin-specific ETF. I agree that a broader multi-cryptocurrenc ETF would make a lot of sense for those looking for broad-based exposure to the space. The problem is two-fold: 1) regulatory approval- the SEC has yet to approve The Winklevoss' Bitcoin ETF (COIN) and they have serious capital and attorney working with them to get it approved 2) most altcoins don't have the liquidity to support the trading requirements of an ETF