| Hi gamblor956, your concerns are all valid. I'll do my best to address them inturn. 1. We'll be disclosing our approach to applicable licenses at launch within our FAQ. Keep in mind, each country has different requirements. We're rolling out globally and will use a different approach in each country we launch in. 2. Regarding the open source parts of Buttercoin, Benentt (Buttercoin's CTO / co-founder) has been talking to our approach on reddit, http://bit.ly/1lu58J0 === Copied from http://www.reddit.com/r/Bitcoin/comments/1z86t7/reddit_cofou.... By Rev. C. Bennett Hoffman Buttercoin CTO === The project started off as a bit of announce-first development in response to the MtGox issues during the run-up in price last April. We had a lot of really enthusiastic people all trying to figure out what it was we were actually trying to do. Many people wanted to build a completely distributed exchange, others wanted to go other directions. That's the beauty of open projects, even if it can be a bit overwhelming.
Cedric and I already had an interview with Y Combinator scheduled to pitch a different bitcoin idea. A few of us decided to focus on building something we could use to launch a real platform and pitch that instead. We started from scratch and kept it closed to focus on that, always with the intention of opening it back up once it was at least somewhat usable. It's taken way to long to get there. Why are we waiting for launch? Mostly because we're too busy. There's still a good amount of code specific to our deployment mixed into the stuff that's actually usable by anyone else. I'm embarrassed to admit we even have a couple of test passwords and API keys floating around in the repos. In short, we're humans of limited capacity. If I were to do it again, I'd go about things differently, but if we can put up a technically solid trading platform that helps make bitcoin (and other digital currencies) more widely adopted, then I'll have no regrets. === 3. Regarding Bitcoin donations, we've asked the community what they'd like us to do with the donations here: http://www.reddit.com/r/Buttercoin/comments/1l543n/what_to_d... If any donor would like their bitcoins back, just send us a signed message from the address you used to donate along with a message to hello@buttercoin.com. Also, for transparency's sake here's the wallet address we've been receiving donations at: 1McqPj92jvWfFg5F24dwyDSUptjTosH2EY And here's a link to the most recent thread where my bearded buddy Bennett (co-founder/CTO) asked the community what we should do with the donations: http://www.reddit.com/r/Buttercoin/comments/1l543n/what_to_d... Finally, here's the Blockchain record the wallet address: https://blockchain.info/address/1McqPj92jvWfFg5F24dwyDSUptjT... To date we've had 32 transactions in, and 0 transactions out. |