Coinsetter raises $500k to bring leverage, shorting to Bitcoins
1–10 of 73 posts
Re: Coinsetter raises $500k to bring leverage, shorting to Bitcoins
#2Are there some 0s missing? $500K doesn't sound like any amount of money to open a "mature" trading platform.
Re: Coinsetter raises $500k to bring leverage, shorting to Bitcoins
#3And who says there isn't any innovation in online gambling?
Re: Coinsetter raises $500k to bring leverage, shorting to Bitcoins
#4Congrats to Coinsetter! Hopefully this should lead to longer term price stability of bitcoins.
Re: Coinsetter raises $500k to bring leverage, shorting to Bitcoins
#5This is great news if it works out. The ability to short is an important part of moderating a bubble.
Re: Coinsetter raises $500k to bring leverage, shorting to Bitcoins
#6Are there some 0s missing? $500K doesn't sound like any amount of money to open a "mature" trading platform.
On the Bitcoin Software Maturity Scale, where hundreds of thousands of dollars routinely gets entrusted to 17 year olds coding bucket shops in Ruby on Rails and 80% of the global transaction volume is run through a company in Tokyo set up to trade Magic: The Gathering cards, a guy with financial industry and experience and enough money to pay for a single professional security audit is practically IBM.
Re: Coinsetter raises $500k to bring leverage, shorting to Bitcoins
#7An unregulated leveraged options platform with essentially no assets and what will undoubtedly be super senior debt deals with their prime broker writing naked contracts on something that moves 30% based on one website lagging out for a hour or two?
what could go wrong
Re: Coinsetter raises $500k to bring leverage, shorting to Bitcoins
#8Are there some 0s missing? $500K doesn't sound like any amount of money to open a "mature" trading platform.
On the Bitcoin Software Maturity Scale, where hundreds of thousands of dollars routinely gets entrusted to 17 year olds coding bucket shops in Ruby on Rails and 80% of the global transaction volume is run through a company in Tokyo set up to trade Magic: The Gathering cards, a guy with financial industry and experience and enough money to pay for a single professional security audit is practically IBM.
Your point is true, but fyi the M:tG aspect was long gone by the time gox was sold to Tibanne. It just happened to be a domain the original founder had around.
Re: Coinsetter raises $500k to bring leverage, shorting to Bitcoins
#9I just found out that IG Markets have added Bitcoin binaries to their trading platform. You can bet on the Bitcoin price being above / below $100, $150, $200 etc on MtGox at some point in the future.
Re: Coinsetter raises $500k to bring leverage, shorting to Bitcoins
#10An unregulated leveraged options platform with essentially no assets and what will undoubtedly be super senior debt deals with their prime broker writing naked contracts on something that moves 30% based on one website lagging out for a hour or two? what could go wrong
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