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Elimination of counter party risk. You and I can now enter into a contract and I am mathematically guaranteed to receive what is stated in the contract. In the current financial system you have to be concerned that your counterparty is solvent. If Lehman fails then you will not get paid even...

Exactly. Today it is entirely fed driven. They can back off whenever (if ever?) they feel things are about to break and simply sell you on the fact that 5%+ inflation is a good thing. This is not 2008.

Very few people believed that at the time. I was there hard at work as a software developer on networking projects. You could barely convince anyone that it solved a real world problem. Your memory of the history of the Internet is skewed by the way the next 30 years turned out. The fact...

I hear exactly what you are saying. This is an almost identical argument that I had with people in the early 1990s about the Internet.

Have you studied smart contracts on the blockchain? The things you are describing essentially go away.

We have clearing houses because we need a trusted intermediary to make the transaction work. With blockchain the transaction is mathematically guaranteed to work. A clearing house would just add risk and cost. You do not have to trust your counterparty to fulfill a contract. Blockchain...

No counterparty risk. There isn't an intermediary or central authority for transactions that must be trusted. Fees dramatically lower, especially for complex contracts. Wall Street pulls hundreds of billions of dollars out of the economy every year just to grease the wheels of trade...

This is all exactly correct. It was also similar with automobiles like it was the Internet in the 1990s. The concept is sound but 98% of the startups crash and burn. People who can't see the differences get left out.

Yield farming was clearly a scam. It's a shame they did it with crypto and not dollars.

Silver moved over 7% in one day! The dollar weakness was trivial compared to a move like that. Mathematically it was indeed an outlier. Just go look at how many 7%+ moves silver has seen in the last 5 years. Something snapped. Need to dig deeper.

That silver move on Friday (Nov. 4, 2022) was a clear outlier yet stocks were mostly flat. What caused silver to pump all the sudden?

<OffTopic>It's good to hear people are planning for doomsday. Smells like a market bottom.</OffTopic>

Anyone can calculate the correct value of these contracts in real-time from home. The data required is relatively inexpensive. But then how do you trade them? When looking at spreads and fees you discover that you don't (or should not).

Other brokers offer these too and the ones I have looked at have spreads (or fees) that are too high compared to more traditional ways of trading movements in the same underlying assets. If you want to make money you make a market in these. If you want to gamble and don't mind that the odds...

That does not appear to be an API feature. It is odd you would be looking for this! lol. Do you have a trading strategy that needs to control IB automated liquidations because you are headed to skid row?

The Coinbase definition is a retail facing explanation and not a technical one. You will have to ask the exchange where their wallet keys are stored but generally a "hot wallet" means the private keys for signing transactions are stored on a server. The likely scenario is that their server...

I suppose their key signing software could have been hacked. But to hack someone's implementation of Bitcoin, Ethereum, etc. key signing software all at the exact same time is extremely unlikely. Someone got access to their private keys. Period. That's no more a crypto hack than you stealing...

Listen, you are going to have to do some of the work yourself. Use google. Read. Learn. A crypto wallet is not even remotely considered software. It's just a public/private key pair.

I did not say that at all, no. If you are implying that a Bitcoin or Ethereum wallet is software then that would be a misunderstanding of software and cryptography.

I already gave you an example. Yes, someone could in theory hack into you account at your broker. Maybe they put a keylogger on your computer or something. No, you can't "hack into medical records" but you might hack into the computer that stores them. I have no information or evidence...