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Nasdaq Plans to Introduce Bitcoin Futures

bloomberg.com

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Re: Nasdaq Plans to Introduce Bitcoin Futures

#111

Post by y4mi »

nicky0 wrote: post #102
zzzzzzzza wrote: post #69

Earlier quoted context omitted.

also much more difficult for average person or even gigantic corporation to secure than a physical good e.g. gold. And coins change over time with forks n crap, gold just stays gold.

It's very easy to secure. Just generate a private key offline and never tell it to anyone.

Gold is very easy to secure. Just dig a hole and throw it in. Nobody will find it if you don't tell anyone about it.

Seriously! A digital key is NOT easier to secure than a physical one. If anything, it's harder.

Gold only becomes hard to store if we're talking about huge quantities

Re: Nasdaq Plans to Introduce Bitcoin Futures

#112

Post by WJW »

phkahler wrote: post #67
junkscience2017 wrote: post #37

inevitable that this will turn into another taxpayer bailout, somehow

This makes me laugh and cry at the same time. Using tax dollars to bail out the big guys who bought derivatives based on a virtual currency would be such a cliche.

For all the complaining on HN about accredited investors, this is exacatly why they were invented in the first place: because there was too much speculative investment available to people who subsequently invested more than they could afford to lose. The big guys have the power to get a bailout but the small guys are the ones that starve to death because they can't.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#113

Post by lallysingh »

colemannugent wrote: post #7

> ... New York Stock Exchange owner Intercontinental Exchange Inc. is the only one of the four major U.S. exchange operators without public plans to offer bitcoin derivatives. That's pretty big. A couple years ago people were very skeptical that the big players would ever start dabbling in Bitcoin.

NYSE also backs coinbase.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#114

Post by Frogolocalypse »

chmpgne wrote: post #55
varbo wrote: post #45

Earlier quoted context omitted.

I'm trying to send $700 in bitcoin to purchase something. It's going to cost me $65 to buy the coins and several hours of time. Of course, I am banned from Coinbase for an innocous bank mistake. There's literally no other options to buy coins at 1-2% in the US.

Bitcoin itself is being harmed by the core developers who refuse to do anything to address the insane fees: bitcoin needs more bandwidth and throughput in its blocks, classic supply and demand. Bitcoin cash or something like etherium are worth a look at. Bitcoin cash, as the name implies, holds the value that bitcoin should be able to be used as electronic cash.

No one is interested in the centralized bcash. It is a crypto in name only.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#115

Post by Frogolocalypse »

schmichael wrote: post #95
ohhhlol wrote: post #87

Earlier quoted context omitted.

> Bitcoin is just the same now. Nothing was solved. No progress Not true, see Segwit recently, soon https://en.wikipedia.org/wiki/Lightning_Network edit: -3 in an hour, why?

Segwit is used in a small fraction of transactions[0] and SegWit2x was cancelled. While the price has skyrocketed the actual transaction rate has barely moved[1]. [0] http://segwit.party/charts/ [1] https://blockchain.info/charts/transactions-per-second?times...

All that demonstrates is that people dont care that much about txn fees. If they did, they would create segwit wallets.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#116

Post by nicky0 »

y4mi wrote: post #111
nicky0 wrote: post #102

Earlier quoted context omitted.

It's very easy to secure. Just generate a private key offline and never tell it to anyone.

Gold is very easy to secure. Just dig a hole and throw it in. Nobody will find it if you don't tell anyone about it. Seriously! A digital key is NOT easier to secure than a physical one. If anything, it's harder. Gold only becomes hard to store if we're talking about huge quantities

Print the key on paper and put it in a safe. How is that not easy?

Or etch the key on a piece of metal, seal it in plastic, and throw THAT in the ground, if your are that way inclined!

I don't see the difficulty.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#118

Post by Frogolocalypse »

deadmetheny wrote: post #65
igorgue wrote: post #39

Earlier quoted context omitted.

Or get a Shift Card (partner of Coinbase) and buy some nice coffee or gas or plane tickets... Everything is useless if you're a moron ;-). https://www.shiftpayments.com/

The places you use that aren't taking your Internet Fun Bucks though, it's just converting them into dirty fiat and giving that to merchants. Also, best hope that the $2 you spent on a carton of milk isn't worth $4 by the end of the week.

That carton of milk cost me 50c because the value of my bitcoin on my wallet is 4x greater than when i put money in my wallet.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#119

Post by mirimir »

cortesoft wrote: post #109
mirimir wrote: post #97

Earlier quoted context omitted.

Create an Electrum wallet. Find a friend who has Bitcoin. Meet for lunch/dinner. They transfer ~70 mBTC to you, with a 1-2 mBTC fee. After 2-3 confirmations, you give them $710-$720 cash. Done.

With a process so simple, why would anyone ever use cash?!

Well, OP could just ask about mailing cash, instead of using Bitcoin ;) And do recall that OP has been banned by Coinbase, and doesn't want to pay over 1-2% fees. So they're a rather special case.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#120

Post by schmichael »

Frogolocalypse wrote: post #115
schmichael wrote: post #95

Earlier quoted context omitted.

Segwit is used in a small fraction of transactions[0] and SegWit2x was cancelled. While the price has skyrocketed the actual transaction rate has barely moved[1]. [0] http://segwit.party/charts/ [1] https://blockchain.info/charts/transactions-per-second?times...

All that demonstrates is that people dont care that much about txn fees. If they did, they would create segwit wallets.

Combined with the low transaction rate I would assume people don't care about Bitcoin as currency -- only as a rapidly appreciating asset. As long as the price keeps skyrocketing why would you ever spend any unless you had no other currency?
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