Quote from: BTRIC on December 05, 2017, 09:07:56 PM

Quote from: zulunation on December 05, 2017, 08:44:47 PM

you all talking about the basic concept which i understand
but i would like to know how this will be implemented technically

These are being implemented as CFD (contract for difference) futures. As far as I can understand, they do not represent any actual holding of Bitcoin, the exchanges do not possess any "reserve" of Bitcoin, and there is no option (at this time) to "take delivery" of a settled contract in Bitcoin. So it's basically betting on the price of Bitcoin at each contract's strike date.

I am more interested in how people in the community feel that a futures contract that is wholly disconnected from the underlying asset (BTC) will impact the price of BTC. I posted a similar thread about that particular aspect.

I guess we'll know starting next week, but it's looking more to me as a way that they can sell clients on "paper Bitcoin" than something that could actually manipulate the real BTC price. At least for now while they're totally disconnected from actual BTC.

This is the key bit of information, no BTC has to ever be used in the transaction whatsoever, it is basically just betting on the price of bitcoin. I also do not yet fully understand how it will influence the price, a lot of me thinks that it may temper it but I can't quite put my thoughts together enough to really understand myself why that's my opinion let alone express it. Maybe just one of those things my brain is telling me due to my economic background but can't figure out exactly why.