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NYSE Launched Bitcoin index

Posted: Fri May 22, 2015 12:39 pm
by Benko
So 20 or 50 years from now will bitcoins be modern day tulips or something real?


http://www.cleveland.com/business/index ... aunch.html
Ray Jablonski,  Northeast Ohio Media Group
on May 20, 2015 at 10:51 AM

The digital currency bitcoin has struggled to gain acceptance in the mainstream.

A new index could change all that.

The New York Stock Exchange on Tuesday launched a new Bitcoin index (NYXBT) that will track the dollar value of one bitcoin based on how the currency trades at select bitcoin exchanges.

"Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class," NYSE President Thomas Farley said in a statement, as TIME magazine reported. "We are pleased to bring transparency to this market."...

Re: NYSE Launched Bitcoin index

Posted: Fri May 22, 2015 12:56 pm
by MachineGhost
It'll probably be the Amiga of the cryptocurrency realm.  It has many flaws that are roadbocks to long-term sustainability.  So I suspect the meme will live on in subsequent monetary revolutions.

Re: NYSE Launched Bitcoin index

Posted: Fri May 22, 2015 2:58 pm
by Libertarian666
I think they are the "Beanie Baby" of cryptocurrencies.
Am I against the notion of cryptocurrencies? Not at all. But they have to represent something actual, rather than... nothing.