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Title: Bitcoin exchanges/banks … Post by: N12 on September 27, 2011, 08:42:28 PM … offering short selling and paying Bitcoin depositors a bit of interest.
Are there any? Thoughts? Title: Re: Bitcoin exchanges/banks … Post by: evoorhees on September 27, 2011, 08:51:27 PM You can short with Bitcoinica, right? Why not do that with no interest paid?
Title: Re: Bitcoin exchanges/banks … Post by: N12 on September 27, 2011, 08:56:41 PM I believe so, but I’d like to deposit Bitcoins for that purpose over a longer term. Do they lend from their own reserves? Otherwise they must be fractional reserve.
Title: Re: Bitcoin exchanges/banks … Post by: evoorhees on September 27, 2011, 09:03:48 PM It works on margin, not fractional reserve. So you have to deposit something, and then you get 5:1 leverage off that position.
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