Futureblock
Finance and crypto
bitcoin binary options
SHOW HN2013
How HN took it
0 positive, 1 neutral or asking, 0 mixed, 3 critical, out of 4 comments about the project.
Idea: 0 for, 2 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
Objections
Binary options are a scam or bucket shop, not real options
From 2 comments
These options are based on the spot price of another exchange, rather than being tied to a futures contract or something you could actually settle by trading USD for BTC or back.…
bcoates on HNThere's nothing wrong with settling in cash. There is something wrong with failing to maintain the separation between marketplace and counterparty. There's no meaningful…
bcoates on HN
No way to move USD in or out of the site
From 1 comment
There's nothing wrong with settling in cash. There is something wrong with failing to maintain the separation between marketplace and counterparty. There's no meaningful…
bcoates on HN
Trust risk that the operator could steal coins
From 1 comment
> You're playing craps, only the dealer rolls the dice for you behind a screen and tells you if you won or not. Looks like you have no clue what you're talking about. The outcome…
ye on HN
Likely to be shut down by the SEC or face legal risk
From 2 comments
Will be taken down by the SEC in 3, 2, 1...
pyalot2 on HNWhy did you revamp the site from its setup 4 weeks ago? Why the switch to this "options" form over the previous parimutuel betting scheme? Where are you operating out of? I'd be…
jboggan on HN
Unclear how risk exposure and capital are handled
From 1 comment
Why did you revamp the site from its setup 4 weeks ago? Why the switch to this "options" form over the previous parimutuel betting scheme? Where are you operating out of? I'd be…
jboggan on HN
Requests
Explain why the site was redesigned and why the options format replaced parimutuel betting
From 1 comment
Why did you revamp the site from its setup 4 weeks ago? Why the switch to this "options" form over the previous parimutuel betting scheme? Where are you operating out of? I'd be…
jboggan on HN
Questions
Where is the company operating from and what legal protections exist
From 1 comment
Why did you revamp the site from its setup 4 weeks ago? Why the switch to this "options" form over the previous parimutuel betting scheme? Where are you operating out of? I'd be…
jboggan on HN
How is risk exposure calculated
From 1 comment
Why did you revamp the site from its setup 4 weeks ago? Why the switch to this "options" form over the previous parimutuel betting scheme? Where are you operating out of? I'd be…
jboggan on HN