+1 to aggo.

I have all my BTC on electrum currently fwiw.

no....

You will be able to buy/sell bitcoin options through your brokerage before the year ends (if you believe the CEO). So anyone can buy puts/calls officially, soon.

I am hopeful that those whove posted about believing that bitcoin is way undervalued or overvalued and looking to long/short it will look at LedgerX's product as something worthwhile to use. You wont need to own any bitcoin soon to make a bet on it, and it potentially could help provide liquidity to the market.

A lot of wall street $ that is already in Bitcoin have traditionally used mETH as a hedge against a HF or massive zero day. Being able to possess options trading lets them de risk their exposure to bitcoin by owning options. So now they can directly hedge, instead of just owning another altcoin which may or may not be correlated to Bitcoin's success/failure/price/etc.

Having BTC in Electrum is ok. Just export wallet to BCC client if you need to transact until Electrum support BCC if BCC chain survives...

you are literally becoming worse than Kazuya and two shae.


If you guys think its safe to send bitcoin over to a site (a country, really) that just went through massive AML/KYC restrictions where even non-chinese customers couldnt withdraw bitcoin for over 6 months because the exchanges were scared ****less of the pboc, then sure, promote BCC and send your coins away!

Every trade is suppose to be backed by bitcoin. So what happens when the amount of money from the stock market is way more then the amount of bitcoin's being put up as collateral? Is it going to be way out of whack?

Is that specifically in the law/regulation?

I don't see why any trade can't be backed by USD, Euro or god knows, maybe teddy bears. I don't know laws, but from a practical point of view.

Collateral has to be there in one way or another and while fiat can solve liquidity problems more beautifully by simply printing more, there is always somebody paying the price.

In other words, I don't see that as a problem unique to Bitcoin. When there is more debt than collateral and $hit hits the fan, bad things happen anywhere.

Were you responding to anything I said? I am neutral to BCC, will probably not trade in any direction and just see what happens. Just giving info for how to act in one of the scenarios.

Could he have thought you meant BTCC?

I have no interest in holding BTC, but I can damn sure promise you I will be trading on LedgerX, as long as the trading fees aren't excessively high.

Congrats.


This will be an extremely popular product.


Word on the street is that CME will have their own bitcoin options soon. So the hope is that you wont even need to go to LedgerX. It will show up in IB, etrade, etc.

https://twitter.com/ElectrumWallet/s...90846249422848

So, if I understand this correctly, when BCC modifies its dificulty (they already said they would do it), I will not be able to use/send/receive BCC in electrum, right? But I will be able to export my BCC to another wallet that supports BCC?

ugh. more BCC....


BCC is a hardfork, so at some point in the future it will intentionally split itself from Bitcoin's main chain but maintain all of Bitcoin's previous txn history.


So as long as you hold the private keys to the addresses that control your Bitcoin, you will hold BCC during/after/before the fork. This is why Electrum will be sufficient, because you can export your private keys.


If Electrum does not support splitting between Bitcoin and BCC, you can still export the private keys and find someone or something that will allow you to broadcast txns on BCC chain only.

Yeah, that would be perfect. Thanks.

Setup an electrum wallet after work and got my **** off coinbase. Pretty easy, transaction took about an hour to complete. Wish the ledger nano s I ordered 2 months ago was here.

This is one of the dumbest thing I've ever read. Worst case scenario at least you fail, lose all your money, and sacrifice all the future return you could have got from that money, but at least your not a 'pussy'.

Starting to understand how Trump got elected.

I fully agree with him, you get a lot of know it alls but have nothing to show for it.

Its better to try and fail than not try at all, and 99% of people seem to settle for being average and living an average life.

Go for that yolo trade, go for greatness.

Yep, take your entire roll and go play Teddy KGB, that HAS to be the best move!

It probably isn't. You can not settle for being average without taking obviously terrible decisions.

I guess the problem is we get the small percent of people who made misguided decisions that lucked out commanding a large amount of authority, and the 1000's of people taking similarly terrible strategies who crashed and burned never getting any attention.

Confirmed would rather settle for being 'average' than try and fail and be broke.

I think you're a lot more likely to get rich by making good decisions over and over again than by being a degenerate gambler that says yolo a lot.

https://medium.com/crypt-bytes-tech/...am-2de2952ec7d

Talks of BTC-e being hacked or running off with coins. I hadn't used the site in years up until a few weeks ago. Thankfully I was done with the site and had no coins on it. It was a very chincy looking site, but it really performed better then 99% of exchanges. I had a support ticket answered in the 24 hour time frame they claimed. Deposits and withdrawals were super fast.

Anyhow, curious to see how this plays out.

Go tell this to everyone with money on BTC-e, which was the longest running of all the current exchanges.

BTC-e never cared about AML/KYC rules and was run out of Russia so it was obviously pretty risky, but so is probably every exchange where you can lend your bitcoins.

With the track record of bitcoin exchanges the fair compensation for keeping money at any exchange that is not fully regulated is probably a lot closer to 50% than 20%...

One of the founders was arrested in Greece, and is to be extradited to the US.

http://blog.wizsec.jp/2017/07/breaki...n-mtgox-1.html

Why they allegedly didn't care about AML/KYC

i'd be surprised if btce were perpetrators of the theft. TBH, it doesnt seem like their MO as a business unless they were run by some crime family/gang (which is entirely possible since so few people actually know how they are).


e.g. look at how they handled ETC fork coins
look at how conservative they were at adding new features/coins

tbh i stopped listening to my friends/ppl who are familiar with dark nets. I cant tell you how much random information ive received that has turned out to be flat out wrong given time.

It's a sign of a loser (typically) and low IQ mind if it takes so much time to understand a decision made by 47% of a population, whether you agree or disagree with them - especially if you consider them less intelligent than yourself. Do you see the irony?

That's why you'll never really understand Satoshi who very likely holds 99,9% of his net worth in BTC )). You'll also never understand why he/they might not even care and perhaps are not even in possession of the private keys. You probably think he/they are dumb or why he/they did not take at least 5% of the coins and "retire".

You can't imagine why people like myself rather die than be average. Some (few) people are more on my side of the spectrum, others on yours (the majority, to be fair).

All things aside, I'm glad people like you and anybody for that reason are in BTC and if you need a different view, you know where to find it