Bitcoin insurance. I'll be a millionaire!
Actually, I'm surprised that someone on Wall St didn't come up with this, then purchase a bunch of it themselves!
Just like the pre-GFC Naked Credit Default Swaps, someone could have made a mint out of this crash: http://en.wikipedia.org/wiki/Credit_default_swap#N aked_credit_default_swaps [wikipedia.org]
Ahhh, unbridled capitalism...
(Score: 1) by basecase on Wednesday February 26 2014, @02:16AM
Bitcoin insurance. I'll be a millionaire!
(Score: 1) by Mykl on Wednesday February 26 2014, @05:16AM
Actually, I'm surprised that someone on Wall St didn't come up with this, then purchase a bunch of it themselves!
Just like the pre-GFC Naked Credit Default Swaps, someone could have made a mint out of this crash:N aked_credit_default_swaps [wikipedia.org]
http://en.wikipedia.org/wiki/Credit_default_swap#
Ahhh, unbridled capitalism...