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Question: Are you interested in using BTC to participate in non-BTC markets?
Yes - 7 (77.8%)
No - 1 (11.1%)
Maybe - 1 (11.1%)
Total Voters: 9

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Author Topic: Any demand for trading S&P futures, etc., denominated in BTC?  (Read 852 times)
BrightAnarchist (OP)
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January 23, 2012, 09:11:15 PM
 #1

Just curious.

If I had time I would build it, not that hard.

Personally I would use such a service.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Stephen Gornick
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January 23, 2012, 10:02:41 PM
 #2

If I had time I would build it, not that hard.

Funny, I was thinking of the same words, but in a different order:
 - I'ld build that if it would not result in hard time

i.e., Building the technology to offer this is the easy part.  

There are securities regulations that apply to futures trading.  To offer this by passing-through trades from your own account with a broker would likely be violating the use agreement with your broker.  To offer this legitimately, if possible at all, would likely include capital requirements, licensing, etc.

Unichange.me

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slothbag
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January 23, 2012, 11:14:03 PM
 #3

Just set up a stock trading game like iTrade.. People can buy a representation of an actual stock for bitcoin.  As long as the site owner actually does buy the real stock for himself then he can payout any profit/loss when the "player" sells back.

The "player" never owns the stock and can't do anything other than trade them back for btc.

Any profitable withdraws are prize money.
notme
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January 23, 2012, 11:37:06 PM
 #4

Just set up a stock trading game like iTrade.. People can buy a representation of an actual stock for bitcoin.  As long as the site owner actually does buy the real stock for himself then he can payout any profit/loss when the "player" sells back.

The "player" never owns the stock and can't do anything other than trade them back for btc.

Any profitable withdraws are prize money.

This would require large spreads to prevent slippage losses.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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January 24, 2012, 12:19:31 AM
 #5

I was thinking each initial purchase of stocks by the site owner would incur an additional fee to cover spreads/brokerage etc, or the fee could be distributed amongst the first few trades.

Then player A would trade stock 1 with player B incuring no cost to site owner. In fact site owner would charge a trade commission like 0.50% or something.

If a player wants to cash out a stock which has no other buyers the site owner can do it for another premium fee.
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January 24, 2012, 12:30:23 AM
 #6

I was thinking each initial purchase of stocks by the site owner would incur an additional fee to cover spreads/brokerage etc, or the fee could be distributed amongst the first few trades.

Then player A would trade stock 1 with player B incuring no cost to site owner. In fact site owner would charge a trade commission like 0.50% or something.

If a player wants to cash out a stock which has no other buyers the site owner can do it for another premium fee.

For internal trades, you either have to close out both positions when one wants to close (first to profit closes), or you have to hedge the other.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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