Loading ...Not sure there is much to understand about Bitcon….a mate who ran one of the worlds biggest back offices on Fall st and was a Board Member of the London Clearing House, said that the CME should never have let it become a registered Futures mkt and he was astounded when they did….because he said the settlement system, the much vaunted Blockchain….was quote ‘crap’, a total con job, all it does is duplicate what the last computer did and thus slows the whole process down.
As a trading vehicle, sure in the same way u could bet on drops of water falling down glass, it works, but to expect it to be there as an alternative to PM’s, as a last resort, when all else is failing, utter madness.
The fact that it/they are out there and happily trading, with nary a word of warning, from our so called authorities, despite so many of the participants/promoters being of a very dodgy hue, tells us that it certainly suits the PTB’s nefarious schemes .