BitCoin Gets a Futures Market @slashdot #bitcoin #trading

BitCoin Gets a Futures Market

BitCoin Gets a Futures Market @slashdot #bitcoin #trading

Um... no, you're wrong. They are insurance. Producers of commodities often can not afford the ups and downs of the market. Specifically farmers. Futures allow them to sell their crop at a set price, and then if the market crashes they are protected... also, if there's a spike in price they do not profit like they normally would. Capitalism requires transparency. The problem with overly complicated financial products isn't the products themselves, its the lack of transparency caused by their complexity. When a bank sells you a derivative that's based on mortgages, that's fine. When the bank gets permission from the federal government to give out loans to people that can clearly not afford to pay them back, and fails to disclose that to you... that's when there's a problem. The banks realized what the government was asking them to do was insane, but they didn't want to tick ...

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

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@pro2rat » 01 Oct '12, 6am
RT @jonmatonis: RT @jonmatonis: BitCoin Gets a Futures Market @slashdot [link] #bitcoin #trading
@jonmatonis » 01 Oct '12, 6am
BitCoin Gets a Futures Market @slashdot [link] #bitcoin #trading
@2green » 01 Oct '12, 2pm
BitCoin Gets a Futures Market @slashdot [link]
@bitcoin_ita » 01 Oct '12, 9am
BitCoin Gets a Futures Market @slashdot [link] #bitcoin #trading
@BitcoinByte » 01 Oct '12, 7am
RT @jonmatonis: RT @jonmatonis: BitCoin Gets a Futures Market @slashdot [link] #bitcoin #trading
@thisagent » 01 Oct '12, 6am
RT @jonmatonis: RT @jonmatonis: BitCoin Gets a Futures Market @slashdot [link] #bitcoin #trading
@Sparkymannz » 01 Oct '12, 6am
RT @jonmatonis: RT @jonmatonis: BitCoin Gets a Futures Market @slashdot [link] #bitcoin #trading