‘Biggest Crypto News of the Year?’ – Bakkt is Bigger than Bitcoin ETFs?

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Bakkd is getting an even bigger head around it’s launch.

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22 Comments

  1. ๐Ÿš€ Get the Apps! โ˜… http://cryptoyum.com โ˜… http://coinpuffs.com
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  2. ICE/Bakkt is a 10 ton gorilla that just stepped into the crypto space.
    Starting with a physically settled bitcoin futures contract. Bakkt is going to be a big player in the physical and custody of Bitcoin.
    Ice is the owner of the New York Stock Exchange they usually donโ€™t deal with retail customers and individuals. Interesting that theyโ€™re getting into retail payments.

    The scary part!
    Fractionally reserved Bitcoin
    Paper bitcoin substitute from Wall Street, I.O.U. Not created on the block chain and is unlimited. Not 100% digitally escrowed. Bitcoin is designed to be algorithmically scares thereโ€™s only 21 Million BTC. Coin subsidies and can offset the natural sacristy.

    Naked Shorting!
    The era of fractionally reserved Bitcoins

    Bitcoin substitutes (beware)

    The biggest risk is the ETH, ETH classic chain split. If the fork goes to the new chain and you were naked short the old chain you didnโ€™t get the coins because you were naked short and you arenโ€™t entitled to receive the new coins. A permanent fork to a new chain would be devastating to an institution. If the chain forks and youโ€™re naked short the institution could literally go bust.

    Hope the SEC looks very close at these issues.

    This is why I think the market didnโ€™t move when this ICE news came out.
    The market now sees that there will be artificial BTC in circulation. What they need to do is put a maximum cap Of 17 million BTC outstanding.

    Welcome to the Rabbit Hole ๐Ÿ˜‰

  3. Understand the idea related to CNBC but even a clock is twice 2 times a day/night. Bakkt seems to have some real potential if they let mainstream invest and they are using real BTC to do so. Look interesting and could pave the way for others as well.

  4. Please, if someone has to help me send me only 100 TRON(Trx): TJhT4n8i4rNApBJjaqPj6jEpZW5JWgBJmJ
    Sometimes we expect more from others because we would be willing to do that much for them.

  5. Thx Peter, Bakkt if nothing else brings a credibility to the crypto space that no other can. This whole things flips on its head when a person can log into TD Ameritrade / Etrade & Schwab click a button and get a little crypto – game over

  6. Dude, your voice and your attitude is so Douche bag…. You read like an asshole. I have alot of Asian friends but your very arrogant and you come off as such and so you know, people hate arrogant assholes. I guesss u have "SUBS" because their asian… But if they just came from a neutral perspective, you come off as arrogant!

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