5 ms·
yep. FUD.
by joeschmoecad 9y ago
yep. FUD.
- hndamien 9y agoThis reminds me of the time that other industry being disrupted pressed pause on the disruptor.
- Nursie 9y agoBeing disrupted! Lol
- ringaroundthetx 9y agoThis is worth paying attention to though, the CFTC has traditionally had a lackadaisical approach to approving financial products, where other agencies are typically risk averse and out in much more rigor This has led to Congress itself banning futures products There are two futures contracts explicitly banned in the US, and another could easily ride into the tax reform bill
- buttcoinslol 9y agoI know about cornering the onion market and the Onion Futures Act, what is the other banned futures contract in the US?
- ringaroundthetx 9y agoBox office futures (Speculating on how many movie tickets would sell for a new movie, would be a great way to hedge and speculate) This was shut down by congress right before it started, last minute addition to the financial reform bill while simultaneously getting the all clear from cftc
- sseveran 9y agoThe article alludes to this at the end but doesn't talk the real reason head on. As these are leveraged products the banks are exposed to large swings in the contract price via various clearing mechanisms. So they are looking at the volatility and asking what happens when someone doesn't pay and we have to step in and cover them. BTC is a bit of a volatile underlying. If I was in clearing risk I would be worried too.
- deleted 9y ago[deleted]