News for hackers. Stuff that matters.

A comment on Please invest responsibly – an important message from the Coinbase team. Parent comment

Re:Please invest responsibly – an important message from the... by mmsmatt on Friday December 08, 2017 @01:58PM (#15880971)
Counterparty risk is through the roof.

I tried moving some prediction market contracts on US Election Day, couldn’t trade anything due to traffic volume. This feels familiar.

Decades of technical and legal work went into our stock exchanges, the bitcoin bucket shops are a few generations behind. It doesn’t matter until suddenly it does.

[ Parent | on HN ]
Re:Please invest responsibly – an important message from the... by brianwawok on Friday December 08, 2017 @02:00PM (#15880988)
This will help when CME and CBOE get their contracts launched, right? They can handle the real life traffic for such thing as crude oil. I do not think the bitcoin volume would phase them very much...
[ Parent | on HN ]
Re:Please invest responsibly – an important message from the... by readhn on Friday December 08, 2017 @02:09PM (#15881070)
Bit coin is a tiny market compared to real markets.
[ Parent | on HN ]
Re:Please invest responsibly – an important message from the... by brianwawok on Friday December 08, 2017 @02:44PM (#15881385)
Exactly why it will work much better when the real boys come in to town :)
[ Parent | on HN ]