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The user doesnt know hes using a block chain, none of that is really seen and he doesnt know why this website doesnt take 30 off the top like the other sites. Everything is now automated and behind the scenes, he added. Images via Gyft; PeerTracks; Coinmarketcap; Shutterstock.
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"By facilitating deeper liquidity and incorporating more economic information, we believe our daily auctions will result in better price discovery and allow Gemini participants to trade more with less price impact, Gemini president Cameron Winklevoss wrote in an email. Trades via Geminis auction are eligible for.
He also acknowledged the long-term potential of new bitcoin block chain applications, stating: The price of a bitcoin is not reflective of its current value, its reflective of the future value of what bitcoin will be worth once we find the killer app for bitcoin.
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