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Author Topic: Bitcoin exchanges/banks …  (Read 549 times)
Blitz­
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"Cut Your Loose"


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September 27, 2011, 08:42:28 PM
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… offering short selling and paying Bitcoin depositors a bit of interest.

Are there any? Thoughts?

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Democracy is the original 51% attack


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September 27, 2011, 08:51:27 PM
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You can short with Bitcoinica, right?  Why not do that with no interest paid?
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September 27, 2011, 08:56:41 PM
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I believe so, but I’d like to deposit Bitcoins for that purpose over a longer term. Do they lend from their own reserves? Otherwise they must be fractional reserve.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
evoorhees
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September 27, 2011, 09:03:48 PM
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It works on margin, not fractional reserve. So you have to deposit something, and then you get 5:1 leverage off that position.
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