What do folks make of this new hedge fund?

[helixone]

I thought we were escaping the insanity?

-helixone

[1714136151]

1714136151

[1714136151]

1714136151

[organofcorti]

I thought we were escaping the insanity?

-helixone

Which new hedge fund? A link would be nice.

[Luno]

An unregulated hedgefund, that's taking a gamble with your money!

Probably not, but large scale ponzies have called themselve "hedge fund". Any guy working in his underwear can launch a hedgefund without backing!

We need names of the backers, something heavy! There also have to be proof of assets actually being invested in Bitcoin by disclosing which wallet costumer funds are held in, which in the end leaves the info wide open for audit.

Having Bitcoins or $$ in Malta might be considered and taxed as offshore investment!

[Stephen Gornick]

I thought we were escaping the insanity?

What this does for bitcoin is introduce a way for those wishing to hedge or short bitcoin a method to do so.

This will help the Bitcoin exchange rate to be more stable.

With short sellers, the higher the exchange rate, the more speculators who will bet agaist bitcoin..  If (or more likely when) there is a sharp selloff, those who are short (but not those who are crazy calling for $0) will become buyers, and a lowered chance of insolvency is the result.