https://plus.google.com/u/0/100748061612454612677/posts/QfDtgVokA5bThis is BIG!!! This now opens the door to all kinds of financial companies to build up various services on top of Bitcoin. This is because they now can hedge their risk.
I am now waiting for services like Bitcoin Portfolio Loans. Get money at low interest with Bitcoins pledged as collateral. No capital gains tax event!
Dude, you peanut gallery folk keep persevering with this sort of inane nonsense.
Let's crosspost from the previous rehash of this, where hazek was announcing as a big deal the fact that somebody got 2k BTC worth of backing for maybe someday opening options:
Heh. MPEx
effective leverage was 5.02x over about 500k BTC last month alone. That means traders contributed ~100k BTC of their own capital and traded ~500k BTC.
Compare that with the ~2k BTC this announcement contains:
2,000... very little... tiny... small;
400,000... huge... colossal... magnificent.
Get it? No "to tha moon". To tha treetop. The moon is somewhere else.
Can you let go already? It is done. It has been done for a long, long time. Wall Street is on Bitcoin, and has been,
since last year. Not Coinbase, MPEx. Bitcoin derivatives exist, in Bitcoin, and have been around since 2011. Not this new shit, not GLBSE, not Bitcoinica, not MtGox (yes, they "were going to introduce options" back in 2011) and not anyone else. MPEx.
The beneficial effects of price stabilization because of the power of options and the majesty of MPEx are visible already. See
here, see
here, etc.
I get it, you're personally bitter because you thought you're too good to join during the free beta, after which you thought you're too good to pay 20 BTC worth 4 each, after which you'd have been insulted to have to pay 30 BTC for having been stupid (you?! you're not stupid, you're just alternatively intelligent!!11), and by now that 30 BTC is more than you can afford anyway. This has no bearing, it just means you suck. MPEx isn't something less because it won't have the poor and the stupid, and it is certainly something more because it won't have the stupid who think they're smart and poor by accident.
Get with the program, you're embarassing yourselves more than there's need to.
