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Title: Geeks and Wallstreet Post by: dacoinminster on June 08, 2011, 02:55:10 PM Geeks: Here's the internet. It changes everything.
Wallstreet: Nifty! Here's billions of dollars!! Geeks: Wow, thanks! Changing everything can be really profitable. What can we do next? . . . Title: Re: Geeks and Wallstreet Post by: TraderTimm on June 08, 2011, 03:07:12 PM Geeks: Here's bitcoin. It changes everything.
Everyone Else: We don't get it, we're more comfortable with our soft green toilet paper. Geeks: Cool, more for me! Title: Re: Geeks and Wallstreet Post by: dacoinminster on June 08, 2011, 03:10:25 PM My personal opinion is that when wall street truly gets it, the bitcoin speculative bubble will make the internet bubble look tiny in comparison.
Title: Re: Geeks and Wallstreet Post by: MarketNeutral on June 08, 2011, 03:17:49 PM Wall Street is watching bitcoin very closely. They're waiting for more mature exchanges, deeper liquidity vis-a-vis market makers, and for their compliance officers to get up to speed. Some have probably jumped in already with their own money.
Title: Re: Geeks and Wallstreet Post by: TraderTimm on June 08, 2011, 03:18:08 PM My personal opinion is that when wall street truly gets it, the bitcoin speculative bubble will make the internet bubble look tiny in comparison. True, but they won't be happy the 1-block-per-ten-minute throttle will effectively kill any attempt to build a High Frequency Trading system. I on the other hand, am ecstatic about that fact. Title: Re: Geeks and Wallstreet Post by: dacoinminster on June 08, 2011, 03:24:02 PM My personal opinion is that when wall street truly gets it, the bitcoin speculative bubble will make the internet bubble look tiny in comparison. True, but they won't be happy the 1-block-per-ten-minute throttle will effectively kill any attempt to build a High Frequency Trading system. I on the other hand, am ecstatic about that fact. Sorry to disappoint you, but HFT will definitely be possible on the black market exchanges. They will just use bitcoin to get the money in and out. Title: Re: Geeks and Wallstreet Post by: tymothy on June 08, 2011, 03:32:51 PM My personal opinion is that when wall street truly gets it, the bitcoin speculative bubble will make the internet bubble look tiny in comparison. THIS. Everyone bombard Jim Cramer on Mad Money and get him to talk about it. Title: Re: Geeks and Wallstreet Post by: realnowhereman on June 08, 2011, 03:39:10 PM My personal opinion is that when wall street truly gets it, the bitcoin speculative bubble will make the internet bubble look tiny in comparison. True, but they won't be happy the 1-block-per-ten-minute throttle will effectively kill any attempt to build a High Frequency Trading system. I on the other hand, am ecstatic about that fact. Within an exchange, trades are not done on the bitcoin block chain, so there is no ten-minute limit. It's not inconceivable that should Wall Street get involved, that multiple exchanges will get together and have credit agreements that allow you to transfer between them instantly too -- again outside the block chain. Title: Re: Geeks and Wallstreet Post by: proudhon on June 08, 2011, 03:39:36 PM My personal opinion is that when wall street truly gets it, the bitcoin speculative bubble will make the internet bubble look tiny in comparison. THIS. Everyone bombard Jim Cramer on Mad Money and get him to talk about it. No. Please don't. Title: Re: Geeks and Wallstreet Post by: SgtSpike on June 08, 2011, 03:41:17 PM My personal opinion is that when wall street truly gets it, the bitcoin speculative bubble will make the internet bubble look tiny in comparison. True, but they won't be happy the 1-block-per-ten-minute throttle will effectively kill any attempt to build a High Frequency Trading system. I on the other hand, am ecstatic about that fact. Title: Re: Geeks and Wallstreet Post by: TraderTimm on June 08, 2011, 03:55:58 PM How are they going to settle their trades then? In US dollars? That would be hilarious. High Frequency Trading depends on rapid price changes, and exchange kickbacks, or 'rebates'. I don't see Mt. Gox catering to that, and when they have to settle up at the end of the day, they'll have to wait for confirmations on their BTC.
Don't see how it is viable for HFT to creep into the system using BTC in any fashion. Title: Re: Geeks and Wallstreet Post by: Tanu10 on March 30, 2018, 06:03:16 AM some have probably jumped in already with their own money and they will justuse bitcoin to get the money in and out.
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