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> As others pointed out, when you buy/sell futures, you risk counterparty risk. Yes, but: There is a chain of companies that have to fail before you incur the
by jpmattia 9y ago
> As others pointed out, when you buy/sell futures, you risk counterparty risk.
Yes, but: There is a chain of companies that have to fail before you incur the loss. The clearinghouse will cover the default first, and bill it back to the clearing broker. So you need someone of the order of Goldman Sachs to fail before counterparty risk affects payments to you.
- d--b 9y agoyeah, what I meant by margin calls and "good exchange" if the CBOT goes bust, we'll have to worry about bigger problems than bitcoin futures ;)