How would it affect bitcoin price if the Nasdaq went full bitcoin

Amph

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Quote from: hector3115 on June 25, 2015, 07:51:27 PM

I mean if they start using the blockchain to transfer assets which they are currently trialing now. And I would assume the trial will be successful.

influencing the price of the market via hype is not that easy as you think, you need a killer app, and this isn 't the case

the other easy way is to buy directly on the market, there are not other available way to do it

Buttknuckle

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Quote from: Possum577 on June 26, 2015, 01:49:55 AM

Quote from: hector3115 on June 25, 2015, 06:50:21 PM

Could someone mathmatically explain the possibilities of such an integration? It seems to me like the whole thing could be done with 100 bitcoins since thet are divisible by 8 places. Maybe a thousand at most.

Any thoughts?

To do what you're proposing in the quantity of bitcoin you're proposing the price of bitcoin would have to be manipulated to meet the total value of transactions that occur on the NASDAQ...are you a fan of price manipulation of currency?

Wait, I am not sure what the price has to do with it. Don't they want to use the block chain? As I understand it this does not require any price manipulation? I could be wrong, math is not my friend lol.

Possum577

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Quote from: hector3115 on June 25, 2015, 06:50:21 PM

Could someone mathmatically explain the possibilities of such an integration? It seems to me like the whole thing could be done with 100 bitcoins since thet are divisible by 8 places. Maybe a thousand at most.

Any thoughts?

To do what you're proposing in the quantity of bitcoin you're proposing the price of bitcoin would have to be manipulated to meet the total value of transactions that occur on the NASDAQ...are you a fan of price manipulation of currency?

NUFCrichard

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Quote from: Chef Ramsay on June 25, 2015, 08:55:35 PM

Quote from: xcrabber on June 25, 2015, 07:42:58 PM

Quote from: Gimmelfarb on June 25, 2015, 07:37:24 PM

didn't Nasdaq just say they planned to potentially use the blockchain technology -- not the bitcoin blockchain itself? correct me if i'm wrong. but that was my understanding.

Your wrong... They are using open assets which uses bitcoin.

I always get a kick out of the use of the blockchain technology without it having anything to do with bitcoin itself routine. Ya can't have one without the other.

You can, it might not be a good idea, but it can be done!
Look at the all crappy Alts, they have blockchains, they can make fast online transactions that can be tracked, just like bitcoin.

They aren't secure and are often run by people you wouldn't want in charge of your money, that's the problem imo.

Chef Ramsay

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Quote from: xcrabber on June 25, 2015, 07:42:58 PM

Quote from: Gimmelfarb on June 25, 2015, 07:37:24 PM

didn't Nasdaq just say they planned to potentially use the blockchain technology -- not the bitcoin blockchain itself? correct me if i'm wrong. but that was my understanding.

Your wrong... They are using open assets which uses bitcoin.

I always get a kick out of the use of the blockchain technology without it having anything to do with bitcoin itself routine. Ya can't have one without the other.

MicroGuy

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The Nasdaq is going to keep a hands-off approach until Bitcoin decides who is the developer, and who decides the fork.

I watched this video today of the Bitcoin Foundation's founding director explaining that if Mike Hearn and Gavin Bell (aka Gavin Andresen) are successful in their attempts to hard fork Bitcoin without core developer consenus, we're all basically screwed.

Strong opinions are presented in the following video. Viewer discretion is advised: https://www.youtube.com/watch?v=OwO5u6OVaaA

hector3115

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I mean if they start using the blockchain to transfer assets which they are currently trialing now. And I would assume the trial will be successful.

xcrabber

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Quote from: Gimmelfarb on June 25, 2015, 07:37:24 PM

didn't Nasdaq just say they planned to potentially use the blockchain technology -- not the bitcoin blockchain itself? correct me if i'm wrong. but that was my understanding.

Your wrong... They are using open assets which uses bitcoin.

Gimmelfarb

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didn't Nasdaq just say they planned to potentially use the blockchain technology -- not the bitcoin blockchain itself? correct me if i'm wrong. but that was my understanding.

neurotypical

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Quote from: jbrnt on June 25, 2015, 07:01:47 PM

Quote from: ?? on ??

Could someone mathmatically explain the possibilities of such an integration? It seems to me like the whole thing could be done with 100 bitcoins since thet are divisible by 8 places. Maybe a thousand at most.

Read your comment several times, I do not understand how it could be done with 100btc???

Quote from: ?? on ??

Also, I would think the Nasdaq would possibility start mining its own bitcoins to use and also to help secure the network.

Nasdaq is a stock exchange, they make enough money from trading fees. Bitcoin mining is not going to interest them, and they don't care about the security of the bitcoin network. Wink

They are going to run their infraestructure throught the blockchain and they don't care about the security of the bitcoin network? that's some nonsense.
If you run your business through the blockchain, you better care that everything is OK with the native currency. Therefore, price would go up.

Alley

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Depends how many colored coins they would need. They would also need btc for transfer fees. Is it correct that 1 bitcoin can make 99 million colored coins?

jbrnt

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Quote from: ?? on ??

Could someone mathmatically explain the possibilities of such an integration? It seems to me like the whole thing could be done with 100 bitcoins since thet are divisible by 8 places. Maybe a thousand at most.

Read your comment several times, I do not understand how it could be done with 100btc???

Quote from: ?? on ??

Also, I would think the Nasdaq would possibility start mining its own bitcoins to use and also to help secure the network.

Nasdaq is a stock exchange, they make enough money from trading fees. Bitcoin mining is not going to interest them, and they don't care about the security of the bitcoin network. Wink

cryptworld

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You have to know that nasdaq price may not be related to bitcoin exchanges price
I don't actually know if we,the normal people,could and sell bitcoins in the nasdaq

hector3115

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Could someone mathmatically explain the possibilities of such an integration? It seems to me like the whole thing could be done with 100 bitcoins since thet are divisible by 8 places. Maybe a thousand at most.

But I suppose another thing to think of is when will other rmarkets follow suit since the Nasdaq will be kicking ass.

Also, I would think the Nasdaq would possibility start mining its own bitcoins to use and also to help secure the network.

Any thoughts?

Topic: How would it affect bitcoin price if the Nasdaq went full bitcoin (Read 917 times)