The Nasdaq experiment is for settlement, not trading (of course, you can't possibly do HFT on a blockchain
).
--
Good news has been shrugged off for more than a year, even as the news comes in faster, thicker, better. We've got a tremendous backlog of amazing news accumulated, seeming to get exponentially more fantastic. Once the market stops downplaying good news and switches to
up-playing it, the price is going to shoot up like a champagne cork.
People will look back and say, "What the HECK were we thinking valuing Bitcoin at mid-2013 prices NOW when it was little more than a toy back then? We ignored all this incredible news staring us in the face. If I had only noticed the obvious back then, if I had only given it a few moments' worth of serious objective thought and not been swayed by the irrelevant short-term price action..."
Excellent post! There have been so much great news, but everyone seems to be hypnotized by the long bear-market. It is fantastic that bitcoin blockchain could bu used for settlements.
