30 Sep '12, 11pm

BitCoin Gets a Futures Market

"There is one more way to use your BitCoins rather than buying weed or socks . Recently, a Bitcoin Exchange called ICBIT quietly introduced a futures market , obviously using Bitcoins as its main currency. Gold futures trade roughly at 137 BTC/tr.oz and Sweet Crude Oil at 7.3 BTC/bbl. This may play a positive role in the Bitcoin economy which needs more ways to actually use coins instead of mining them." While this sounds intriguing, I'd like to hear a good case for why BitCoin makes sense in this context.

Full article: http://news.slashdot.org/story/12/09/30/2345206/bitcoin-g...

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