Mastodawn

TallTim📈📉💰Aug 20, 2018

#bakkt Update here - https://medium.com/bakkt-blog/https-medium-com-kellyloeffler-price-discovery-f9c77885383

Especially interesting:

"A critical element to price discovery is physical delivery. Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded. As such, our new daily #bitcoin contract will not be traded on #margin, use #leverage, or serve to create a paper claim on a real asset." #degenerate #gamblers need not apply. Nice.

An evolving market – Bakkt Blog – Medium

Trusted price formation is critical to advancing digital currencies. Our daily Bitcoin contract won't be traded on margin or use leverage

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Jon Atack Aug 20, 2018

@TallTim Reaction from Caitlin Long: https://twitter.com/caitlinlong_/status/1031565897167765505?s=21

Caitlin Long on Twitter

“1/ Interesting response from @Bakkt today. For #bitcoin this is good news/bad news. First the good--Bakkt disclosed it's not using margin or leverage (explicitly). That's positive. But then the bad--it was silent about hidden leverage, which is subtle... https://t.co/zkt5RKr4Z2”

Twitter

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TallTim📈📉💰

@jon I read #caitlinlong 's post and see the point about #rehypothecation and #fractional games. #bakkt will have to disclose these policies anyway, so its up to them to stick with their stance of transparency, or just become another #wallstreet shell game. I'll keep an eye on that, thanks.