0 Members and 1 Guest are viewing this topic.
The only thing I ever cash out crypto for is to diversify into S&P 500. I'd support it. Where would you source the price feeds?
Quote from: MeTHoDx on October 21, 2014, 02:39:14 amQuote from: onceuponatime on October 21, 2014, 02:36:09 amQuote from: srcgpsmp on October 21, 2014, 02:33:23 amQuote from: onceuponatime on October 21, 2014, 02:31:14 amThe reason for not adding new markets at this time, such as indices, is not so much because of controversy but much more because current markets are so thin. Further dilution at this time would be counterproductive.What do you mean?I mean there is very little trading in the existing four main assets now. Adding more would further fragment the existing pool of funds from people willing to hold assets. Getting in and out would be more difficult.I see what you mean. Perhaps we need a more in-demand BitAsset to kickstart growth though?DJIA with interest... if this is not a killer asset I do not know what is...
Quote from: onceuponatime on October 21, 2014, 02:36:09 amQuote from: srcgpsmp on October 21, 2014, 02:33:23 amQuote from: onceuponatime on October 21, 2014, 02:31:14 amThe reason for not adding new markets at this time, such as indices, is not so much because of controversy but much more because current markets are so thin. Further dilution at this time would be counterproductive.What do you mean?I mean there is very little trading in the existing four main assets now. Adding more would further fragment the existing pool of funds from people willing to hold assets. Getting in and out would be more difficult.I see what you mean. Perhaps we need a more in-demand BitAsset to kickstart growth though?
Quote from: srcgpsmp on October 21, 2014, 02:33:23 amQuote from: onceuponatime on October 21, 2014, 02:31:14 amThe reason for not adding new markets at this time, such as indices, is not so much because of controversy but much more because current markets are so thin. Further dilution at this time would be counterproductive.What do you mean?I mean there is very little trading in the existing four main assets now. Adding more would further fragment the existing pool of funds from people willing to hold assets. Getting in and out would be more difficult.
Quote from: onceuponatime on October 21, 2014, 02:31:14 amThe reason for not adding new markets at this time, such as indices, is not so much because of controversy but much more because current markets are so thin. Further dilution at this time would be counterproductive.What do you mean?
The reason for not adding new markets at this time, such as indices, is not so much because of controversy but much more because current markets are so thin. Further dilution at this time would be counterproductive.
and get SEC on our side first.
Quote from: luckybit on October 21, 2014, 02:19:21 amQuote from: roadkill on October 21, 2014, 02:15:25 amQuote from: luckybit on October 21, 2014, 02:11:25 amIt wont happen. Many people here will cite how it will upset regulators and cause negative publicity.I don't recall hearing objections to this, but it will certainly happen. Either in BTSX once we have sufficient cap/depth, or in a 3rd party clone.Weeks ago I suggested something similar to this and someone freaked out about the SEC and the risk.I hope we can do it ASAP though. We need at least one stock index to trade. If we want to lower the risk then pick something from a country other than the USA since a lot of US delegates seem to be freaking out. Go with the London stock exchange instead.Hmmm. Now that you mention it, maybe it would be to our advantage to select only delegates from "safe" countries. I'm really glad we got into discussing this Luckybit (in the cannabis thread), it's really opening me up to the massive potential of BTSX. If we don't issue in-demand but controversial assets, I'm willing to bet someone will fork the exchange and do it with or without us.
Quote from: roadkill on October 21, 2014, 02:15:25 amQuote from: luckybit on October 21, 2014, 02:11:25 amIt wont happen. Many people here will cite how it will upset regulators and cause negative publicity.I don't recall hearing objections to this, but it will certainly happen. Either in BTSX once we have sufficient cap/depth, or in a 3rd party clone.Weeks ago I suggested something similar to this and someone freaked out about the SEC and the risk.I hope we can do it ASAP though. We need at least one stock index to trade. If we want to lower the risk then pick something from a country other than the USA since a lot of US delegates seem to be freaking out. Go with the London stock exchange instead.
Quote from: luckybit on October 21, 2014, 02:11:25 amIt wont happen. Many people here will cite how it will upset regulators and cause negative publicity.I don't recall hearing objections to this, but it will certainly happen. Either in BTSX once we have sufficient cap/depth, or in a 3rd party clone.
It wont happen. Many people here will cite how it will upset regulators and cause negative publicity.
Quote from: MeTHoDx on October 21, 2014, 02:03:51 amCan it be done? Should it be done? Is there a demographic that couldn't invest in American indices any other way?It wont happen. Many people here will cite how it will upset regulators and cause negative publicity.I support it because trading the stock index makes a lot more sense than trading BitUSD. There are also a lot of people who would put their life savings into something like the stock index.I would say millenials probably would want to invest this way but also you have to think outside of America. A lot of people outside (and inside) America don't have bank accounts, get paid in cash, don't have 401ks, don't meet the minimum requirements for E-trade or whatever. Miners for example get paid in Bitcoins but might want to invest in the stock index so it makes a lot of sense.
Can it be done? Should it be done? Is there a demographic that couldn't invest in American indices any other way?