well. tecnicly it's a fork. what they mean is that it is not a fork in the sense of "made by comunity to substitute BTC".
what BCC actualy is, we will find out as market will show us
Topic: OKEx futures (OKCoin futures) and the first of August (Read 321 times)
It appears users will get access to the BTCC as well but under their strict supervision. What I liked of their announcement is this part:
Quote
In the strictest sense, BCC is an alternative asset to BTC, and is not part of or a fork of Bitcoin.
At least there is someone who has spoken the truth about the new altcoin, which in true sense is not a fork of Bitcoin but a new altcoin altogetegher.
so there is a new anouncement. BCC price wont be added to the contracts index prices:
https://www.okcoin.com/t-439.html
so if you have hedged Bitcoin there you have riskfree BCC for free afterwards, right?
https://www.okcoin.com/t-439.html
so if you have hedged Bitcoin there you have riskfree BCC for free afterwards, right?
ok, here is the anouncement: https://www.okcoin.com/t-420.html
If I get point 3 correctly, in case of a splitting of Bitcoin the future indexes for the existing future contracts will be the sum of all existing Bitcoin variations.
therefore:
a) the index price will be unpredictable, since the sum could be much higher or lower than the BTC price before the split, and
b) the reaction of the traders to the new index price will be unpredictable too
would that mean that even if your contracts are just hedged Bitcoin you have a significant risk of making a loss or even beeing margin called?
I would like to hear the opinion of others that are in future contracts there at the moment and have avaliated the situation.
Thanks
If I get point 3 correctly, in case of a splitting of Bitcoin the future indexes for the existing future contracts will be the sum of all existing Bitcoin variations.
therefore:
a) the index price will be unpredictable, since the sum could be much higher or lower than the BTC price before the split, and
b) the reaction of the traders to the new index price will be unpredictable too
would that mean that even if your contracts are just hedged Bitcoin you have a significant risk of making a loss or even beeing margin called?
I would like to hear the opinion of others that are in future contracts there at the moment and have avaliated the situation.
Thanks
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