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by dtwhitney 3905 days ago
I personally know many of the engineers at Gemini and have worked with some of them in the recent past. If I were going to choose a team to build a bitcoin exchange, the people I know at Gemini would be on it. If you're into bitcoin, I think this is the place to put your money.
1 comments

What benefit do they offer over something like Coinbase to a casual Bitcoin observer like me?
Looking at Coinbase and Gemini as a user I would probably prefer Gemini marginally because their bullshit about using HSM. They both seem to be hosted in AWS which from my POV is a major fuckup. Gemini and Coinbase are basically running a CTF where if you can find a hypervisor exploit and get lucky you can drain their hot wallet.
I saw a presentation at OWASP a couple of weeks ago by Coinbase, where they stated that the BTC are stored on air gapped servers, and that 97% of the Bitcoins never exist on routable servers.