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Nasdaq 'Would Consider' Creating a Crypto Exchange, Says CEO (coindesk.com)
The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. From a report: The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. "Certainly Nasdaq would consider becoming a crypto exchange over time," Friedman remarked, adding: "If we do look at it and say 'it's time, people are ready for a more regulated market,' for something that provides a fair experience for investors... I believe that digital currencies will continue to persist it's just a matter of how long it will take for that space to mature. Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it."
Being an exchange is zero risk, and you get a slice of all the action. No need to worry about the latest mining hardware, or losing your shirt in the wildly unstable cryptocurrency market.
“Common sense is not so common.” — Voltaire
Maybe we can push more ICOs. Lets also repackage these ICOs into derivatives and roll them into every security that is being sold. Then gamble on futures using hedge funds with borrowed money.
What could possibly go wrong?
Nasdaq "would consider" selling your grandma into slavery if it were deemed profitable and the the regulatory environment shifted / was purchased appropriately.
posting to reverse bad moderation
if slavery wasn't against the law. They'll do whatever makes money and to devil with consequences.
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At least "real" currency sort of has some government backing to it.
That is a bug, not a feature. Most of these governments are highly indebted and have a vested interest in using inflation to monetize that debt.
No government backs gold. Over the last century, the US dollar has lost 98% of its value against gold. Most other "government backed" currencies have done even worse.
Is a hen house more secure when there is a fox to guard it?
Why would they care what is being brokered? Whether people are throwing futures around as casino chips or digital tokens, they live off the fees.
Is a hen house more secure when there is a fox to guard it?
Of course it is! You get everything wrong again!
Enemy cocks/roosters have it much more difficult to get inside!
Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
True wealth of a nation is productive and human capital.
There is no significant value stored in money on a national scale, it's a means to an end ... an inflationary currency is a better means to the end than a deflationary one.
How much of the cryptomarket is based on trust in coinbase? It's highly centralized as it is. Tulips are more relevant to crypto than trust in proof-of-work.
IMO, the advantages/disadvantages of a little inflation/deflation are overblown by both crypto fans and crypto critics. However, in a serious financial crisis, I believe the problems of deflation getting out of hand are very real, and not exaggerated at all.
Crypto currency value by definition is that it provide a medium of exchange. NASDAQ are open to providing one. That is interesting.
In light of the fact that Crypto have historically behaved as a commodities (i.e. store of value) rather than currency NASDAQ enables the latter. Crypto-scheme currency gains one step closer to towards money (i.e. medium of exchange + store of value).
And at the speed-of-light trading where they can buy and sell magnitudes faster than the punter from a home computer. Basically profiting from the s
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For every million "made" on Bitcoin there's a thousand people who lost $1000.
Not true, it's the same as stock in this regard - if you make $1M selling your stock, doesn't mean other people lost $1M, just means the price has increased that much.
In theory a stock price is related to company earnings. That's not really true any more though.
If you sold your stock for $1 million profit it means somebody else handed you their money.
There's a limit to how many times this can happen to any given share/coin. Both are pyramid schemes, the only real winners are the people taking sales commissions.
No sig today...
did you get your meds today?