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Etheropt, a decentralized options exchange built on Ethereum

etherboost.github.io

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Re: Etheropt, a decentralized options exchange built on Ethereum

#11

Post by danieltillett »

kordless wrote: post #8
jboggan wrote: post #6

Very interesting, I hope you are not in the United States. I doubt the CFTC would take too kindly to this especially since they are binary options. Good luck!

The CFTC can eat one. Seriously, there's not a goddamn thing they will be able to do about DACs. Better call a hearing.

I am sure this will be very comforting for the creators of this once they are sitting in some US jail. Ask the leadership of FIFA how pissing off the US government by double crossing the USA over the 2018 world cup worked out.

Re: Etheropt, a decentralized options exchange built on Ethereum

#12

Post by kordless »

danieltillett wrote: post #11
kordless wrote: post #8

Earlier quoted context omitted.

The CFTC can eat one. Seriously, there's not a goddamn thing they will be able to do about DACs. Better call a hearing.

I am sure this will be very comforting for the creators of this once they are sitting in some US jail. Ask the leadership of FIFA how pissing off the US government by double crossing the USA over the 2018 world cup worked out.

Wait until "those who jail" start watching code check itself into a decentralized git repo on IPFS after receiving a consensus based payment from a thousand anonymous individuals. Seriously, they have no fucking idea what is coming.

Re: Etheropt, a decentralized options exchange built on Ethereum

#13

Post by danieltillett »

kordless wrote: post #12
danieltillett wrote: post #11

Earlier quoted context omitted.

I am sure this will be very comforting for the creators of this once they are sitting in some US jail. Ask the leadership of FIFA how pissing off the US government by double crossing the USA over the 2018 world cup worked out.

Wait until "those who jail" start watching code check itself into a decentralized git repo on IPFS after receiving a consensus based payment from a thousand anonymous individuals. Seriously, they have no fucking idea what is coming.

Yes I know this genie can’t be put back in the bottle, but if they decide to go after you it can be very unpleasant. Given how the USA financial sector and law enforcement work together it would be a good idea to follow Satoshi’s example and be very hard to find.

Re: Etheropt, a decentralized options exchange built on Ethereum

#14

Post by christo »

jboggan wrote: post #10
kordless wrote: post #8

Earlier quoted context omitted.

The CFTC can eat one. Seriously, there's not a goddamn thing they will be able to do about DACs. Better call a hearing.

It's funny to realize that a DAC can go on existing even after its creators may have been charged or imprisoned for breaking a law or regulation. I don't agree with the CFTC but I acknowledge their power.

Is there a distinction between developing software and operating it? Usually. Always?

Re: Etheropt, a decentralized options exchange built on Ethereum

#15

Post by GigabyteCoin »

jboggan wrote: post #9
GigabyteCoin wrote: post #7

Earlier quoted context omitted.

From the intro: >Etheropt has no owner. Its entire operation is described and executed by an Ethereum smart contract.

That smart contract was written by a person and they should realize that there might be legal repercussions in the US at least. I have a great interest in this space (I started a failed cryptocurrency options exchange myself) and I hope that it blossoms. I would like to see regular puts and calls instead of binary options, the latter is ill-suited for hedging and really just a speculative instrument.

>That smart contract was written by a person and they should realize that there might be legal repercussions in the US at least.

Satoshi Nakamoto created the world's most powerful cryptocurrency and nobody knows anything about that person or group, remember.

Re: Etheropt, a decentralized options exchange built on Ethereum

#16

Post by christo »

danieltillett wrote: post #13
kordless wrote: post #12

Earlier quoted context omitted.

Wait until "those who jail" start watching code check itself into a decentralized git repo on IPFS after receiving a consensus based payment from a thousand anonymous individuals. Seriously, they have no fucking idea what is coming.

Yes I know this genie can’t be put back in the bottle, but if they decide to go after you it can be very unpleasant. Given how the USA financial sector and law enforcement work together it would be a good idea to follow Satoshi’s example and be very hard to find.

The author created an account to post this "french houdini". Maybe it was Satoshi!

Re: Etheropt, a decentralized options exchange built on Ethereum

#17

Post by danieltillett »

christo wrote: post #16
danieltillett wrote: post #13

Earlier quoted context omitted.

Yes I know this genie can’t be put back in the bottle, but if they decide to go after you it can be very unpleasant. Given how the USA financial sector and law enforcement work together it would be a good idea to follow Satoshi’s example and be very hard to find.

The author created an account to post this "french houdini". Maybe it was Satoshi!

That would be amusing, but I do hope the author has taken a lot of care to keep him/her/themselves hidden. Angry bankers are not toys you want to play with.

I have always wondered if the NSA knows who Satoshi is.

Re: Etheropt, a decentralized options exchange built on Ethereum

#18

Post by amazon_not »

jboggan wrote: post #9
GigabyteCoin wrote: post #7

Earlier quoted context omitted.

From the intro: >Etheropt has no owner. Its entire operation is described and executed by an Ethereum smart contract.

That smart contract was written by a person and they should realize that there might be legal repercussions in the US at least. I have a great interest in this space (I started a failed cryptocurrency options exchange myself) and I hope that it blossoms. I would like to see regular puts and calls instead of binary options, the latter is ill-suited for hedging and really just a speculative instrument.

Isn't this limited to binary options because binary options have a set price and payout?

Regular puts and calls have a potentially unlimited payout which means the seller would have to put up some serious collateral and/or hedge their exposure. If nothing else, I'd figure that would add some complexity and/or counterparty risk.

I'm not well versed in these matters, so perhaps you could enlighten me.

Re: Etheropt, a decentralized options exchange built on Ethereum

#19

Post by jarsin »

jboggan wrote: post #6

Very interesting, I hope you are not in the United States. I doubt the CFTC would take too kindly to this especially since they are binary options. Good luck!

the dudes github name is the french houdini. Nobody can keep him locked up!
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