This explains it pretty well. It was sold as physically settled bitcoin contract when in reality it is a wash traded in house settled token setup. As the name suggest, Bakkt is supposed to be a physically backed futures contract settled in actual Bitcoin (rather than cash like CME futures). Bakkt is not actually backed by Bitcoin
However Kruger says that most contracts are simply paper trades that are rolled over. Only 15 BTC were actually delivered in October and only 17 were delivered in November. https://micky.com.au/stabbed-in-the-bakkt-not-a-scam-but-not-the-whole-truth-either/So, what are the real numbers?  Not these bullshit 150 million sold bullshit numbers, those are paper trades which is nothing more than a futures gambling house that never leaves the site. It should be called Bakkt Casino as that is exactly what it is, with the only winners being the house. |
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Quick question, how much of that was actual bitcoin changing hands? Bakkt future are physically settled, so volumes are literally the measure of daily “bitcoin changing hands”. Instead “Open Interest” are the number of Bitcoin That will exchange hands at the expiry of the future. You can learn more here: Everything you wanted to know about BTC futures but were afraid to ask!Hope it helps. Thats not true those settled coins are not changing hands on the chain. If you think they are then please feel free to show me the addressees. |
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I keep going away from this site and now I want to be back for a while but I did notice someone's signature campaign had their business logo on a trucker hat.
What is this bullshit! People copying the wall observer trademark!
I noticed the same. ... Goddamn shitcoin promoters! We should gang bang that shitcoin thread, where is it? |
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It’s degenerate gambling imo
I don't see your point, whats wrong with that?  |
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The noobs will get their first BTC lesson after we dump on them at $200K
$197.87K  I saw the ninja lol |
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Still my very favorite was him saying "We improved to an OESD" when the river hit in that other video
ROTFLMAO, yeah THAT was classic! The kids been playing for 2 years now and just caught a massive miracle. What he doesn't know and will find out the hard way is that it was a miracle and now he will go decades all downhill wondering why he can't score like that again. These tournaments are horrible, they teach luckbox play. It turns my stomach to see one of them hit a one outer for a million and run around getting high fives for being saved after making a horrible move. |
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Quick question, how much of that was actual bitcoin changing hands? |
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.....
Fuck you guys, getting me excited.
Go sodomize yourselves on a length of rusty pipe.
Imagine some random lurker who doesn’t normally hang out here and landing on this page and reading that. They’d be like “good lord, these bitcoiners are a nasty bunch!” Lol Much like drinking your first beer, smoking your first cigar, or fucking your first hooker, Wall Observer is a bit of an acquired taste. And like the same hooker if she doesn't like that taste she can always spit it out.  |
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"From early position I am like 40%"  The entire thing is a h00t (its long though). Anyone can win a bracelet apparently! But it was fun to watch him get saved by one card miracles and runner runners. |
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Well, that sounds like a scary bit of time there! Glad you got it all sorted. |
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Where to build our Citadel?
mars. but we need to send some expendable peons to terraform it 1st. Hey, I guess we found a usecase for BsvTards! |
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Some more well known players have already opted out in Dont'a Hightower and Marcus Cannon. Both big blows for the Pats, while RB Brandon Bolden, FB Danny Vitale and G Najee Toran will also not suit up in 2020 season for them. Other players to opt out: Thomas (Ravens) Duvernay-Tardif (Chiefs) Warmack (Seahawks) Canady (Cowboys) Brantley (Football Team^^) Peko (Broncos) Smith (Ravens) With the latest news from the Miami Marlins in MLB, I expect a wave of opt-outs in the next days. Not looking good all in all and I find it kind of non-exciting to watch NFL, when probably a lot of teams are weakened by core players opting out. Funny that my first thought was that the XFL is really screwed. Talk about unlucky, as soon as they launch again this hits. The NFL will weather this but they may not. |
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I dunno... maybe he is just a boot licking anti-BTC statist.
I am of the opinion he has no problem reaping the profits from the scene but is unwilling to do anything for the scene unless it puts profits into his pocket without risk, that makes him a piece of shit in my book. Yeah. I can see that. I wasn't sure if I was making that clear. ;P
Coinbase also sold goldmann ballsacks my personal info without my permission when they held polo and Ballsacks tried to strong arm me with that info. |
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Oh and did anyone see Pomp annihilating Peter Schiff last night? I did not used to really respect him, but his perspective has matured and sharpened a LOT over the last few years... he's a real asset for BTC. Understands it, and delivers extremely well on TV etc.
https://www.youtube.com/watch?v=Gwmxx5o8cn4"How do I hang up"? That's how Schiff ends the podcast. Probably just thinks it funny. But he was GIVEN bitcoin and "lost the password". Seriously. This is the reality that we have to build for (I say we). When I hear Matt O'dell describing privacy best practices, and he and Marty trying to get people to run nodes, and all that I just shake my head. It's not that this is not important, but it's that it's MORE IMPORTANT to onboard all the non-geeks. Peter Schiff lost his BTC because the tech was too hard for him. There are SOOO MANY people this is true for. And they are not all boomers. This is why I still think Cash App and probably eventually Paypal will end up being the most important layer two solutions. Us geeks can custody ourselves and use multi-sig and so on. Anyway Schiff is such a bonehead. Yeah he is, I couldn't finish listening to him.  |
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I dunno... maybe he is just a boot licking anti-BTC statist.
I am of the opinion he has no problem reaping the profits from the scene but is unwilling to do anything for the scene unless it puts profits into his pocket without risk, that makes him a piece of shit in my book. |
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Oh and did anyone see Pomp annihilating Peter Schiff last night? I did not used to really respect him, but his perspective has matured and sharpened a LOT over the last few years... he's a real asset for BTC. Understands it, and delivers extremely well on TV etc.
https://www.youtube.com/watch?v=Gwmxx5o8cn4 |
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