Post
Topic
Board Bitcoin Discussion
Re: What are people's thoughts on Bakkt?
by
kryptqnick
on 23/10/2018, 19:06:00 UTC
if indeed it does as it says and offers average joe a easy way to buy/sell ACTUAL BTC and not just contracts/shares ,,,, and also get a cuppa'jo using btc. it will shut up all those "bitcoin is broken because you cant buy coffee with bitcoin" propagandists that just want people to fortknox up btc into LN factories


Yeah, it woud be nice to have a regulated way of obtaining and selling bitcoins, but the news I see are not very promising. For instance, cointelegraph published an article that New York Stock Exchange company will launch bitcoin futures on Bakkt platform. It really disturbs me that Bakkt is just something I never heard of, and everything I see about Bakkt is maximum 1.5 months old.. It's as if it appeared our of nowhere and that looks suspicious. Some also talk about Bakkt ETF approval, but if the previous applications were rejected, I see no reason to believe that this time it will be different. Finally, the biggest problem I see here is the talk of a stock exchange (bitcoin is not stock!) and futures (which can sell real btc, but on unreal prices that people agreed upon in advance).