Coinsetter Faces a Tough Crowd : There’s No Demand for Another Bitcoin Market
Bitcoin’s paradigm-shifting approach to currency has got the world in a tizzy, spawning a flurry of copycats, if nothing else. Coinsetter launches today with a well-funded entry into an ever-crowding market, where Bitcoin holds a substantial majority share. With $500k in seed money from Tribeca Venture Partners and SecondMarket founder and CEO Barry Silbert (via his Bitcoin Opportunity Fund), Coinsetter hopes to upset that market share, validating Bitcoin’s bubbling ecosystem all the same.
We’ll be hearing from one of the best on Bitcoin’s ecosystem, as our own Mark “Rizzn” Hopkins will share his thoughts on this morning’s Live NewsDesk Show with Kristin Feledy (see live stream below). He feels there’s no demand for another Bitcoin market, so his analysis on Coinsetter’s fresh launch should be interesting, to say the least. We also expect Hopkins to discuss the security of virtual currency trading markets, which is another topic relevant to Coinsetter’s success or failure.
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