Quote from: Last of the V8s on August 20, 2018, 06:48:08 PM

Quote from: Gab0 on August 20, 2018, 06:32:06 PM

Kelly Loeffler, CEO Bakkt:

Quote

A critical element to price discovery is physical delivery. Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded. As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper claim on a real asset. This supports market integrity and differentiates our effort from existing futures and crypto exchanges which allow for margin, leverage and cash settlement. Coupled with a secure, regulated warehouse solution, you can begin to see how this market infrastructure can help more institutions and consumers participate in the asset class.

https://medium.com/bakkt-blog/https-medium-com-kellyloeffler-price-discovery-f9c77885383

still need to know if they are going to use leverage within their own company
https://twitter.com/CaitlinLong_/status/1031565897167765505

Can't get on Twitter right now, but will check once I can. It seems they are trying to dodge claims of paper Bitcoin being created by rehypothecation, - and saying 'we will do Bitcoin differently'. I am still sceptical. Leopard.. Spots...

EDIT: I read Caitlin Long's points, she is asking the questions and has been a long term advocate of shares on the Blockchain to prevent things like the Dole Foods shares problem:

https://www.nytimes.com/2017/03/21/business/dealbook/dole-case-illustrates-problems-in-shareholder-system.html