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Something like 80% of sailboats are made in France, crazy little known fact!

It's funny that the people I've blocked are so predictable I can tell just by your all responses to them who they probably are, even though I can't see their posts!

I agree, and I think they play a little loose with the "focused solely" title vs what the funds are actually doing. I also have to wonder about 32% of 120 funds (38.4) having $700M in AUM, which gives an average AUM of $18M, or more likely a couple $100M funds and a bunch of sub $10M funds...

While I agree with your sentiment broadly, I think this particular number, which I've seen as well, is a bit of hyperbole. I'm thinking the real number or real funds is a fraction of that.

Sorry you're right, should have specified Americans.

Right now your choice is to trade bitcoin with 100% margin in an unregulated exchange in a space where such exchanges have a shockingly high history of going under and taking their customers funds with them (there is one unregulated futures exchange available to retail that I'm aware of). So...

I was asking specifically about retail brokers who offered the product, not if they were listed on exchanges which they clearly are. Probably the majority of products on ICE and a good number on CME aren't effectively available to retail traders because there are few or no brokers who allow...

The actual bill is quite confusing on that area, spent about an hour reading and rereading just that section yesterday. I'm guessing it will change a few times between now and when it reaches the final version the senate votes on, so might not be worth the effort to try to figure it all out now...

I agree that the exchanges to a horrible job of rolling out new products with almost an entirely "build it and they will come" mentality. I would think the universe of people interested in weather derivatives vs the universe of people interested in bitcoin are night and day, but again Nadex...

Great to hear that! Please try to convince some of your fellow libertarians (Hopefully not a rash assumptions of your politics) of that. Interestingly although I disagree very strongly with you and the Ron Paul type philosophy in most areas, I will give kudos for being more intellectually honest...

I grew up in Alaska and had a lot of experience with "gold mines" and the ever just around the corner mother load they're going to find. The problem is if you take a gold pan to almost any river in Alaska or YT you're going to find gold. We used to take first time visitors out all the time to a...

I'm curious what you think about the fact that the U.S. citizens of our capital, as well as Puerto Rico, the U.S. Virgin Islands, Guam, CNMI, and Samoa all pay federal taxes and don't have get to have representatives who can vote in congress? Sure it's easy to dismiss all those island places...

Obviously everyone will manipulate their definition of "middle class" to support their side of the issue. If you've got medical problems you're f*cked no matter what class with this. If you live in a place with high property tax you're losing money no matter what class if you own a house. If you...

To start with an aside, how do you manipulate the weather again? Do we have guys renting planes to see clouds with silver iodine? They will certainly have to put procedures in place that require the unregulated exchanges used to determine the index price to open their books to regulators. Nadex...

And not just monetary inflation. The worldwide population is growing at over 1% per year, even the U.S. population is growing by .7% per year. Even if the percentage of the population who were millionaires remained constant, the absolute number of millionaires would naturally grow every year. We...

Maybe he heard someone say "spark spread" once and just mangled it in the retelling? That's a thing in NG/electricity, just doesn't have anything to do with the conversation at hand.

What is the probability? That's your decision to make. I'd say it's non-zero. And I'd sum up the cost to me all-in if they decide to proceed. And I'd multiply the two of those things to get an expected value. And then I'd determine the loss I'd suffer by talking to them for an hour. And I'd...

No, you don't. You simply have to hope a jury of your peers doesn't find that the evidence the SEC presents at trial proves you guilty of breaking insider trading laws. If the SEC decides to press charges. If you can easily explain a transaction and they drop the matter after an hour of your...

The CME products are nothing like the product listed in the article. I recommend reading it.

Was that the $50K mm thread? Good luck in any event. Feel free to pm me if you have questions or need anything. I'm on my second startup and mostly loving every minute of it, and love seeing others make the leap.