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Congrats to Coinsetter! Hopefully this should lead to longer term price stability of bitcoins.

• ChuckMcM 14y ago
  Under what scenario would this increase stability in bitcoins?
  • deleted 14y ago
    [deleted]
    • dragonwriter 14y ago
      > Because it allows not only buyers of an asset, but sellers as well. Support for shorting doesn't allow sellers whereas a system without such support allows only buyers; to have buyers you have to have sellers -- any market has both. Shorting is essentially equivalent to acquiring a debt denominated in the commodity shorted (so "shorting bitcoins" is essentially just borrowing bitcoins) and immediately converting the borrowed commodity into something else (presumably, bitcoin shorters would generally be converting them into traditional sovereign currencies.)