Thanks for your reply. Thats what i figured, but was not sure.

Peace

My scrypt miner is not effecient enough to profit anymore so i was wondering if the cards inside, icarus fpga boards, can be instructed to run another algo through modifications to the cgminer software.

Thanks for any suggestions.

I want to see how this plays out.  I like the idea, but as always it's risk versus reward.

Buying options in something as illiquid as GLD would be risky business.  Too easy to move the price and cause options to expire worthless.

Similarly, writing contracts would be too risky, because you could be holding enough GLD to drive the price down to push your options into the money.

That link you provided was a hypothetical scenario, and if that guy thinks he will get away with that without a mountain of regulatory red tape, and licensing...he's dreaming.  I am building a platform to allow GLD to levered against Gold futures, it's not a get rich quick options trading scheme, but it brings value to the coin as a unit a money.

Just wondering, if you want to buy some puts in the GLD what terms would you look for?

Peace,

TS