Bitcoin vs Gold as a store of value

That's the problem - you can't trust governments to impose self-restraint. Zimbabwe, for example, has a thing called the 'dollar' backed by a government. Didn't work out so well.

 

Kind of like Google stock?

 

That's an extreme example. There's also the EUR, USD, JPY.

 

Yeah, and now they use the USD as their currency. That will probably work out better.

 

True now , but I did say in 50 years, after all 50 years ago the idea of making diamonds was unrealistic.

 

Which is why I expect federal reprisals against crypto holdings. Can already see it in the far east.

 

Care to explain that?

 

Those put options are 1. traded on an unregulated exchange and 2. quoted in BTC.. which means when you buy puts they are settled in bitcoin, so when bitcoin is at zero those puts are basically worth zero as well. And even if it drops only to a certain level, when you sell the puts you get bitcoins for it and you still need to get out of those to cash in...

All up, there are no proper options on bitcoin for people to short it.

 

Where are you getting your information from regarding the 2 items you said?

https://ledgerx.com/about-ledgerx/

http://www.businessinsider.com/bloc...llion-bet-bitcoin-could-soar-to-50000-2017-12

 

Righto, I was looking at another bit-options exchange, derebit...

I'll have a close look at this ledgerX thing...