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A comment on Show HN: Bitcoin derivatives – call and put options. Parent comment

Re:Show HN: Bitcoin derivatives – call and put options by bunderbunder on Monday March 24, 2014 @11:12PM (#7463580)
> As Bitcoin has yet to be recognised/classified as a currency or security. . .

From a US district court judge's opinion dated 7 August 2013[1]: "Bitcoin is a currency"

> . . . one could argue that derivatives based on the price of a Bitcoin are more akin to bets than financial derivatives

No, one couldn't. Pork bellies are definitely not a currency, but they're something of the prototypical subject of financial derivatives.

[1]: http://ia800904.us.archive.org/35/items/gov.uscourts.txed.14...

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Re:Show HN: Bitcoin derivatives – call and put options by jackgavigan on Tuesday March 25, 2014 @06:55AM (#7465009)
> From a US district court judge's opinion...

Yeah, because that carries a lot of weight...

> Pork bellies are definitely not a currency, but they're something of the prototypical subject of financial derivatives.

Pork bellies are a commodity and, as such, are regulated by the CFTC.

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