NYSE creates a new bitcoin index

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  • Bladewire
    StraightBro
    • Aug 2003
    • 56228
    #1

    Business NYSE creates a new bitcoin index

    The New York Stock Exchange is diving deeper into the world of Bitcoin with the introduction of a bitcoin pricing index.

    The index, which will be made available through NYSE's Global Index Feed and free on its website for a limited time, is intended to serve as a definitive benchmark for valuing the currency ? in the same way that the LIBOR index is used to measure global interest rates.

    "We are now going to use our name, reputation and global index provider stature to provide bitcoin values that the rest of the market can look to," says Tom Farley, who serves as president of NYSE, the venerable financial institution that has come to symbolize Wall Street and capitalism more broadly.

    Full story here http://mashable.com/2015/05/19/new-york-stock-exchange-bitcoin/


    What do you guys think? A big step towards a legitimate acceptance of bitcoin? A subversive ploy to devalue bitcoin?


    Skype: CallTomNow

    Tags: None
    • Barry-xlovecam
      It's 42
      • Jun 2010
      • 18083
      #2
      I first read that at FOXbusiness (<don't trow rotten tomatoes>)

      What was worth $979+ is now worth $237+-

      It has become a legitimate speculation (maybe some hedging) index and little else.

      NYSE to Launch NYSE Bitcoin Index, NYXBT | Business Wire

        Comment

        • danielpbarron
          Registered User
          • Jul 2014
          • 91
          #3
          Originally posted by Bladewire
          What do you guys think? A big step towards a legitimate acceptance of bitcoin? A subversive ploy to devalue bitcoin?
          The latter.
          Last edited by danielpbarron; 05-19-2015, 01:14 PM. Reason: link text
          Daniel P. Barron

            Comment

            • Joshua G
              dumb libs love censorship
              • Jul 2008
              • 8198
              #4
              Originally posted by Bladewire
              What do you guys think? A big step towards a legitimate acceptance of bitcoin? A subversive ploy to devalue bitcoin?
              BTC will never be legit. its best purpose has already been realized - enabling cybercrime.

                Comment

                • Bladewire
                  StraightBro
                  • Aug 2003
                  • 56228
                  #5
                  Originally posted by Joshua G
                  BTC will never be legit. its best purpose has already been realized - enabling cybercrime.

                  Why would the NYSE get involved indexing it then?


                  Skype: CallTomNow

                    Comment

                    • darksoul
                      Confirmed User
                      • Apr 2002
                      • 4997
                      #6
                      Originally posted by Joshua G
                      BTC will never be legit. its best purpose has already been realized - enabling cybercrime.

                      The biggest crime enabler is the US dollar, please educate yourself.
                      1337 5y54|)m1n: 157717888
                      BM-2cUBw4B2fgiYAfjkE7JvWaJMiUXD96n9tN
                      Cambooth

                        Comment

                        • Joshua G
                          dumb libs love censorship
                          • Jul 2008
                          • 8198
                          #7
                          Originally posted by darksoul
                          The biggest crime enabler is the US dollar, please educate yourself.
                          who gives a fuck? that has nothing to do with this thread.

                            Comment

                            • Joshua G
                              dumb libs love censorship
                              • Jul 2008
                              • 8198
                              #8
                              Originally posted by Bladewire
                              Why would the NYSE get involved indexing it then?
                              fair question, i wont pretend to know. what i do know is that a currency without a central bank is not a currency, just a medium of exchange rife with fraud. so who really is sitting on all those mt gox millions that vanished?

                                Comment

                                • darksoul
                                  Confirmed User
                                  • Apr 2002
                                  • 4997
                                  #9
                                  Originally posted by Joshua G
                                  fair question, i wont pretend to know. what i do know is that a currency without a central bank is not a currency, just a medium of exchange rife with fraud. so who really is sitting on all those mt gox millions that vanished?

                                  By the look of your site you are a few good years behind any advancements in technology so please go educate yourself.
                                  https://en.wikipedia.org/wiki/Currency
                                  1337 5y54|)m1n: 157717888
                                  BM-2cUBw4B2fgiYAfjkE7JvWaJMiUXD96n9tN
                                  Cambooth

                                    Comment

                                    • danielpbarron
                                      Registered User
                                      • Jul 2014
                                      • 91
                                      #10
                                      Originally posted by Joshua G
                                      fair question, i wont pretend to know. what i do know is that a currency without a central bank is not a currency, just a medium of exchange rife with fraud. so who really is sitting on all those mt gox millions that vanished?

                                      The thing with Mt. Gox and all the other scams is that we still know exactly how many
                                      coins exist, and the only people harmed were those stupid enough to leave their money with the scammers. Whereas with your stupid currency, you don't know how many units exist, and everybody who uses it gets fleeced as a matter of course. (inflation is theft by counterfeiting).
                                      Daniel P. Barron

                                        Comment

                                        • Joshua G
                                          dumb libs love censorship
                                          • Jul 2008
                                          • 8198
                                          #11
                                          Originally posted by darksoul
                                          By the look of your site you are a few good years behind any advancements in technology so please go educate yourself.
                                          https://en.wikipedia.org/wiki/Currency
                                          still off topic you are.

                                            Comment

                                            • Joshua G
                                              dumb libs love censorship
                                              • Jul 2008
                                              • 8198
                                              #12
                                              Originally posted by danielpbarron
                                              The thing with Mt. Gox and all the other scams is that we still know exactly how many
                                              coins exist, and the only people harmed were those stupid enough to leave their money with the scammers. Whereas with your stupid currency, you don't know how many units exist, and everybody who uses it gets fleeced as a matter of course. (inflation is theft by counterfeiting).
                                              OK so people that leave their money at the exchange are dumb. enlightened people know to move their coin offline. yeah that sure is a viable mainstream currency.

                                                Comment

                                                • danielpbarron
                                                  Registered User
                                                  • Jul 2014
                                                  • 91
                                                  #13
                                                  Originally posted by Joshua G
                                                  OK so people that leave their money at the exchange are dumb. enlightened people know to move their coin offline. yeah that sure is a viable mainstream currency.
                                                  Not just any exchange; an exchange that wasn't in the WoT. Bitcoin does not depend on mainstream acceptance, but rather the mainstream will come to depend on bitcoin.
                                                  Daniel P. Barron

                                                    Comment

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