NEW BAKKT game - page 4. | Bitcointalksearch.org

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: Febo on July 06, 2019, 12:04:04 PM

Two weeks to go. Then we will finally see what was all that hype, that was going on for most of 2018, all about. BAKKT here BAKKT there BAKKT everywhere.

It's not launching on July 22nd. They're initiating 'user acceptance testing' whatever that means. My guess is that they'll be long beaten to market by others. I don't really understand the nuances but it looks like they are seeking NYDFS approval first to persuade CTFC to approve them. I don't really get how LedgerX got it already if they can't.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: kenzawak on June 13, 2019, 10:50:46 AM

"On July 22, ...

Two weeks to go. Then we will finally see what was all that hype, that was going on for most of 2018, all about. BAKKT here BAKKT there BAKKT everywhere.

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Quote from: gentlemand on June 25, 2019, 04:41:29 PM

Quote from: exstasie on June 25, 2019, 04:21:00 PM

What did we need "saving" from?

An unacceptably low price of course.

Lol'd haha but true Cheesy

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: gentlemand on June 25, 2019, 04:41:29 PM

Quote from: exstasie on June 25, 2019, 04:21:00 PM

What did we need "saving" from?

An unacceptably low price of course.

There've been several things that were hyped up as game changers and then completely disappeared on arrival. LedgerX was one of them. The latest one was probably the S10 crypto wallet.

Vaporware, but Bitcoin, the honey badger, could give two shits about them.

Cheesy

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: exstasie on June 25, 2019, 04:21:00 PM

What did we need "saving" from?

An unacceptably low price of course.

There've been several things that were hyped up as game changers and then completely disappeared on arrival. LedgerX was one of them. The latest one was probably the S10 crypto wallet.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: gentlemand on June 25, 2019, 03:45:11 PM

If I remember rightly LedgerX was one of the countless things that was going to 'save' us what seems like years ago now. Then we never heard of it again.

What did we need "saving" from?

They were granted DCO and SEF registration by the CFTC in July 2017. The price went parabolic shortly afterwards, although it was probably just one provider of hype especially when compared to Segwit activation.

I've heard LedgerX's volumes have been increasing considerably over time but I can't seem to find data anywhere. Either way, I think futures/forwards are a much bigger deal and will see much higher demand than the options and swaps markets they already offer.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: figmentofmyass on June 25, 2019, 03:41:44 PM

looks like BAKKT won't be the first to offer physically settled futures. the CFTC just gave ledgerX the green light, and they are planning to launch the markets in july: https://www.bloomberg.com/news/articles/2019-06-25/retail-derivatives-that-pay-out-with-bitcoins-approved-by-cftc

If I remember rightly LedgerX was one of the countless things that was going to 'save' us what seems like years ago now. Then we never heard of it again. Is this super radical or just a variation on what they've been quietly offering for quite some time?

figmentofmyass

legendary

Activity: 1652

Merit: 1483

looks like BAKKT won't be the first to offer physically settled futures. the CFTC just gave ledgerX the green light, and they are planning to launch the markets in july: https://www.bloomberg.com/news/articles/2019-06-25/retail-derivatives-that-pay-out-with-bitcoins-approved-by-cftc

meanwhile BAKKT is still waiting for the NYDFS to license its warehouse. ETA unknown.....

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: LoyceV on June 22, 2019, 01:09:10 PM

Quote from: bitcoinPsycho on June 22, 2019, 08:51:04 AM

I don't want to win let LoyceV be the winner

I like how my bold prediction makes everybody want me to win Cheesy

Just a thought: what if my guess turns out to be bearish Grin

Then Rollover!

Next guess 1 Million

DustyRah

sr. member

Activity: 533

Merit: 251

How come the Bakkt website does not list their address? And the domain name bakkt.com is less than a year old:

https://www.dynu.com/NetworkTools/Whois?Host=bakkt.com

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: bitcoinPsycho on June 22, 2019, 08:51:04 AM

I don't want to win let LoyceV be the winner

I like how my bold prediction makes everybody want me to win Cheesy

Just a thought: what if my guess turns out to be bearish Grin

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

Quote from: bitserve on June 22, 2019, 08:34:37 AM

bitcoinPsycho currently winning this game, only a few left standing:

11119 bitcoinPsycho
12500 Paashaas
12546 Ludwig Von
14682 EatonABooger
14700 Saint-loup
17331 xyzzy099
19957 picchio
20000 bitebits
25322 crazy-igzo
30645 LoyceV

I don't want to win let LoyceV be the winner

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

bitcoinPsycho currently winning this game, only a few left standing:

11119 bitcoinPsycho
12500 Paashaas
12546 Ludwig Von
14682 EatonABooger
14700 Saint-loup
17331 xyzzy099
19957 picchio
20000 bitebits
25322 crazy-igzo
30645 LoyceV

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

hehehe

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: ChinkyEyes on June 14, 2019, 07:11:16 AM

So the price has to stay around these prices until 17 days after July 22nd for me to win Undecided

hmmm, I think your price has been already busted and it is Globb0 the current winner:

9001 ChinkyEyes
9200 Globb0
9850 cryptofrka

Sorry, but anyways it seems probable that there will be more bustings before end date.

ChinkyEyes

sr. member

Activity: 687

Merit: 301

So the price has to stay around these prices until 17 days after July 22nd for me to win Undecided

buwaytress

legendary

Activity: 3010

Merit: 3724

Join the world-leading crypto sportsbook NOW!

Quote from: exstasie on June 13, 2019, 01:42:44 PM

Quote from: kenzawak on June 13, 2019, 10:50:46 AM

https://medium.com/bakkt-blog/putting-bakks-bitcoin-futures-to-the-test-47e381b7dda1

Test phase beginning on July 22.

This is just a rehash of their last post, with astronaut metaphors thrown in. Roll Eyes

There's no statement about the actual launch. User testing could last forever if they don't really have the CFTC's good graces. It still feels like they are stringing us along.....

Heh, yeah, commented on the other post in press section. Whatever it is you want to think about these bakkt guys, they seem to have hired some really proper news guy, smacks so much of the kind of pr you see with traditional corporates. But why am I surprised, right?

A little curious though to know who their test users would be. Pimply faced interns at fund managements doing outsourced work for bigger funds owned by people who'll never touch a Bitcoin wallet in their lives, probably.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: kenzawak on June 13, 2019, 10:50:46 AM

https://medium.com/bakkt-blog/putting-bakks-bitcoin-futures-to-the-test-47e381b7dda1

Test phase beginning on July 22.

This is just a rehash of their last post, with astronaut metaphors thrown in. Roll Eyes

There's no statement about the actual launch. User testing could last forever if they don't really have the CFTC's good graces. It still feels like they are stringing us along.....

kenzawak

hero member

Activity: 658

Merit: 851

https://medium.com/bakkt-blog/putting-bakks-bitcoin-futures-to-the-test-47e381b7dda1

Test phase beginning on July 22.

"On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US," White said, in the astronaut-themed post.
...
Both contracts will see a minimum price fluctuation of $2.50 per bitcoin (with each contract containing one bitcoin). Trades may be executed at $0.01 per bitcoin, with a listing cycle that can last for as long as 12 months (for the monthly contract) or 70 consecutive eligible contract dates (for the daily contract)."

Topic: NEW BAKKT game - page 4. (Read 28614 times)