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It's all about figuring out what debt the item can be redeemed for. Tulip bulbs you can plant them in the ground to grow a new tulip. Cryptocurrencies you can use them to priorize a transaction to be included in the next block on a decentralized ledger. USD you can use them to pay for...

Bitmex is a BTC settled derivative exchange. Coinbase is a spot exchange. As to which one is better... They'll both crash during high load and may take the money and run at any point in the future.

Spot exchanges will charge around 0.2% for taker and less for maker. Bitmex charges 0.075% for taker and -0.025% for maker on their futures contracts.

You're right. Bitcoin is the pets.com of 1999 as in it's the first generation blockchain. It took a decade for the second generation of internet businesses to grow a better business model and take over the world. Bitcoin is currently breaking all barriers for second generation blockchains...

Except Paypal holds your money and their good faith allows you to retrieve it on demand. Paypal is the C in that prediction.

If you bought something in january by selling some SPY, you overpaid for it by 16%. Don't buy anything, invest!

Got to figure out what problem bitcoin solves to value it properly. If you value Bitcoin as a currency, it's worth 0. If you value it as debt tokens used to place transaction on a decentralized ledger then you'll get a proper valuation. Bitcoins are closer to owning a router on the internet...

Because it's more complex under the hood. We send money to a target account and if it's in another bank, the bank forwards that to a centralized clearing system that can take a day or 2 to settle. It requires an authority to slap the hands of those who would default on their settlement and there...

In a month they can remove currency risks with USD settled futures. That scare story will be a non issue in 2018.

There is a difference between cryptos even if on the surface they are the same. This is blockchain security and liquidity. If I were to accept payment in a crypto, I would expect a high degree of certainty that my incoming transaction will not be reversed. I would also expect that I could reuse...

That's not how it works. You deposit 100$. They lend 90% of it, it gets deposited. They lend 90% of that and so on. It ends up at 10 times the original amount after many loans. It's not you deposit 100$ and they lend 1000$ right away.

How is that different than when I deposit my paycheck in my back account in exchange for interest?

Bitfinex allows fractional banking. User A deposits 1 BTC. User B deposits 3K USD, borrows 1 BTC and sells on margin. User C buys 1 BTC with 7K USD, then withdraw 1 BTC to his cold wallet. Bitfinex has 0 BTC, 10K USD. User A Bitfinex balance is 1 BTC User B Bitfinex balance is 3K USD + 7K USD...

My skin is thick enough, no need to worry about it. Since we're in a pissing contest, editing a post multiple times and adding insults each time tells more about one's maturity than recognizing random american pop culture references. I'm sorry for not being an english native speaker and having...

Did you take a minute to understand it or did you decide to throw unneeded insults to show the world you're "young, dumb and full of cum"?

The intrinsic value of a Bitcoin is the ability to create a transaction on the Bitcoin ledger that cannot be rolled back. You do this by paying a fee in Bitcoin to incite miners to include your transaction in the next block. The following blocks ensure this transaction is irreversible. It is...

TMX offers USD/CAD options quoted in CAD. https://www.m-x.ca/produits_options_devises_en.php They are cash settled so you can't exercice them. At expiry ITM options will receive a payment based on the difference between strike and spot price. They don't seem liquid, so you may have trouble...

There's also the cost to preserve a currency integrity that is not included in the CC transaction cost. How much does it cost to prevent attacks on the USD? For example, someone changing their account value to 1 trillion and spending it. That's what transaction costs on a blockchain are used...

Why not build a synthetic short and add some OTM call and puts to cap it? Long put + Short call ATM Long call OTM Short put OTM

Rolling is a psychological trick. You could roll to a far away month for a price where if the stock drops below the original strike price, you will not lose money. For example, initial call was sold at strike 100 for 5. Stock is now at 120. Call 4 month away for strike 105 is sold for 21, so if...