the artful bodger
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January 16, 2017, 08:42:50 PM |
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-snip-
Hey guys, can someone give a link for the slow turtle I am? You're all talking about "ETF" and I don't have a clue on what it is. And your article isn't better Fakhoury, I bet it's fucking interesting but it only details the effect of ETF approval or refusal and how ETF could change bitcoin worlf and maybe even financial world in a more general way but without ever saying again what ETF means because xD Here's an old article explaining what a bitcoin ETF is. http://www.investopedia.com/articles/investing/041114/why-winklevoss-twins-new-bitcoin-etf-matters.aspThe Winklevoss Bitcoin Trust, currently moving towards regulatory approval, could be approved by the end of 2014 and will be a Bitcoin exchange-traded fund (ETF), with each share representing an amount of bitcoin held by the Trust. Currently, such an investment vehicle is only available to wealthy investors, through funds like the Bitcoin Investment Trust. The Winklevoss ETF will allow people with a brokerage account to invest in Bitcoin without having to worry about the challenges of buying, storing, and safekeeping bitcoin. Thanks for the link but... I don't see the point. Bitcoin is one of the easiest things in the world to buy and store no? Why on earth would it be necessary to through a funds company? " Furthermore, secure storage of bitcoins by placing them into cold storage - that is, in wallets that are kept disconnected from the internet - can be technically challenging and investors may not want to take the responsibility of handling this. " Like seriously? Challenging? xD A kid could do that after a couple of tries, don't tell me it's "challenging"! The ETF is targeted at extremely rich people and investment funds. They have to consider the scenario below if they have invested in millions of dollars worth of coins. The ETF will be insured against theft.
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Torque
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January 16, 2017, 09:40:23 PM |
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Are you basically saying it's only a matter of time before bitcoin is used OR do you think they are using it (trialing it) instead of "utility settlement coins" Both. 1. Fairly quickly, they will discover that bank-created "utility settlement coins" are fairly useless. Unless this is just a cover story, a lie to deceive the public. - but - 2. I suspect that secretly, they are really building the infrastructure for Bitcoin long term, and may even be testing it. Some day they will have no choice but to plug into the Bitcoin blockchain. So both hilarious (short term) and bullish (long term)
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rjclarke2000
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January 16, 2017, 09:56:05 PM |
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Are you basically saying it's only a matter of time before bitcoin is used OR do you think they are using it (trialing it) instead of "utility settlement coins" Both. 1. Fairly quickly, they will discover that bank-created "utility settlement coins" are fairly useless. Unless this is just a cover story, a lie to deceive the public. - but - 2. I suspect that secretly, they are really building the infrastructure for Bitcoin long term, and may even be testing it. Some day they will have no choice but to plug into the Bitcoin blockchain. So both hilarious (short term) and bullish (long term) I'm just a simple hodler and not up to scratch technically compared to you guys (but better than normal folk) but how do so called settlement coins work for banks? What's the incentive exactly with these coins? How does it all work? I can't figure out how they can create their own coin and hey presto all working well.
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PoolMinor
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XXXVII Fnord is toast without bread
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January 16, 2017, 10:06:54 PM |
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11
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JimboToronto
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You're never too old to think young.
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January 16, 2017, 10:47:33 PM |
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11
Why, you're right. It's $1100CAD.
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rjclarke2000
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January 16, 2017, 10:53:41 PM |
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11
Why, you're right. It's $1100CAD. Be nice if it was £1100
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mainpmf
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January 16, 2017, 11:43:58 PM |
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The ETF is targeted at extremely rich people and investment funds. They have to consider the scenario below if they have invested in millions of dollars worth of coins. The ETF will be insured against theft. This cartoon is godamn right! Never forget that the biggest weakness of any security system is the human! You can get the most complicated and sophisticated security system, as long as a human got the code to go through it it's not safe at all :3 The good thing would to then store the cold storage paper in a bank I guess... In a safe. So that you have to go in a secured public place to get it back.
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European Central Bank
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January 17, 2017, 12:59:08 AM |
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as far as i can remember, the solidx etf has insurance for their coins, the winklevoss one doesn't. i wonder whether any of these policies have been properly put to the test though. bitpay's 'hack' was down to a moronic employee which their insurers were only too happy to reject.
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jbreher
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lose: unfind ... loose: untight
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January 17, 2017, 01:02:05 AM |
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Is 833 the new 420?
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Torque
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January 17, 2017, 01:10:37 AM |
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Are you basically saying it's only a matter of time before bitcoin is used OR do you think they are using it (trialing it) instead of "utility settlement coins" Both. 1. Fairly quickly, they will discover that bank-created "utility settlement coins" are fairly useless. Unless this is just a cover story, a lie to deceive the public. - but - 2. I suspect that secretly, they are really building the infrastructure for Bitcoin long term, and may even be testing it. Some day they will have no choice but to plug into the Bitcoin blockchain. So both hilarious (short term) and bullish (long term) I'm just a simple hodler and not up to scratch technically compared to you guys (but better than normal folk) but how do so called settlement coins work for banks? What's the incentive exactly with these coins? How does it all work? I can't figure out how they can create their own coin and hey presto all working well. Honestly, I'm not sure if any really knows what these banks plan to do with their supposed "blockchain" services. They already have the ability to transact and do settlement with each other in a trusted fashion, seamlessly and fairly frictionlessly, so it's a complete mystery why they would need "blockchain integration" for that purpose. My bet is on them creating blockchain-enabled (sidechain?) derivatives for new/emerging commodities, hedge markets, etc. Bitcoin seems like a perfect fit. Sure they could create and pre-mine a new PoS like coin and create a market for it, but who would trust it? Who would purchase and trade it, and why? Just using it 'internally' within a small network of trusted banks won't really do anything amazing for them.
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r0ach
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January 17, 2017, 01:28:51 AM |
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Honestly, I'm not sure if any really knows what these banks plan to do
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Paashaas
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January 17, 2017, 03:27:27 AM |
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I like this $10 rise, small but steady!
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Kanapka
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January 17, 2017, 03:53:22 AM |
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Trump will officially be president this Friday.
I think this will be a excuse for a short term rise in the price, specially if crazy things happen like assassination attempts or terror attacks or riots, or wars.
I guess at least $900+ will be reached until the end of the weekend
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spooderman
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January 17, 2017, 03:58:10 AM |
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BACK ON THE TRAIN EVERYONE
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cmacwiz
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January 17, 2017, 04:03:07 AM |
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total bull trap, right? dump incoming, right guys? please, oh god
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AZwarel
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January 17, 2017, 04:10:08 AM |
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These sudden up/down things always starts to happen 5 minutes before i go to bed. Which means, now i can't go to bed... But seriously, price stagnates for a week, who is stupid enough to buy them all at once? Fishy. EDIT: oh wait, i know:
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elite3000
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January 17, 2017, 04:16:34 AM Last edit: January 25, 2017, 03:40:56 AM by elite3000 |
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trumpcoin is just another bandwagon coin that has no innovation and won't have long term survival and will be forgotten in the next years the price is already falling day after day
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mymenace
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Smile
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January 17, 2017, 04:17:55 AM |
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is there a Trump coin or is TRUMP/BTC some kind of future for the BTC??? thats like saying i do not know how to google
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