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Topic: 2013-05-07 Business Standard: US regulator mulls setting rules for digital... (Read 1029 times)

full member
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Merit: 100
Death to anyone who fights freedom. Long live the freedom fighters.
legendary
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full member
Activity: 126
Merit: 100
I suppose it could be argued that anyone holding Bitcoin is shorting fiat Smiley
newbie
Activity: 30
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Ahahahah they are trying everything to attack bitcoin


Let me understand, since bitcoin is digital gold then:

"If you're buying Gold and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Gold"

Mmh... so now gold is a derivative contract?  Roll Eyes Yeah sure and oh look, an alien starship  Roll Eyes

Yes, physical gold bar is a derivative of a futures contract:)  Buaaahhhhaaaaa Cheesy
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Ahahahah they are trying everything to attack bitcoin


Let me understand, since bitcoin is digital gold then:

"If you're buying Gold and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Gold"

Mmh... so now gold is a derivative contract?  Roll Eyes Yeah sure and oh look, an alien starship  Roll Eyes
legendary
Activity: 3920
Merit: 2348
Eadem mutata resurgo
http://www.business-standard.com/article/international/us-regulator-mulls-setting-rules-for-digital-currency-bitcoin-113050700080_1.html


"If you're buying Bitcoin and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Bitcoin," Chilton said.

How does that even make sense?

He doesn't have to. CFTC has presided over a period of arguably the most corrupt and dysfunctional commodity markets operations in history ... valuing in the hundreds of billions to trillions. And missed massive manipulation, fraud and essentially govt. sanction criminality (MF Global & Jon Corzine affair).

Along comes bitcoin, market cap $1 billion ... "We're all over this massa!" ... you couldn't make this stuff up.
full member
Activity: 227
Merit: 100
http://www.business-standard.com/article/international/us-regulator-mulls-setting-rules-for-digital-currency-bitcoin-113050700080_1.html


"If you're buying Bitcoin and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Bitcoin," Chilton said.


How does that even make sense?

Because when you're a hammer everything looks like a nail.
It is possible that the governments are waking up to the long term ramifications of cryptocurrencies and shitting in their pants.
hero member
Activity: 700
Merit: 500
http://www.business-standard.com/article/international/us-regulator-mulls-setting-rules-for-digital-currency-bitcoin-113050700080_1.html


"If you're buying Bitcoin and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Bitcoin," Chilton said.


How does that even make sense?
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