Shownotes Transcript
Juthica Chou, chief operating officer of LedgerX, talks about the company's new license to offer its derivatives to retail investors and the resulting platform, Omni. She walks through what call and put options are, how they work and why people and companies purchase them as opposed to just buying or selling bitcoin directly. We discuss why LedgerX believes physically settled bitcoin options are superior to cash-settled ones, how LedgerX handles hard forks, and other contracts focused on the technicals of crypto networks it could offer such as its halving contract. Plus, she describes what it was like to be building a Bitcoin-centered company during the "blockchain not Bitcoin" era.
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Episode links:
LedgerX: https://www.ledgerx.com)
Juthica Chou: https://twitter.com/juthica)
LedgerX blog posts introducing Omni: https://blog.ledgerx.com/the-long-game/)
https://blog.ledgerx.com/introducing-omni-powered-by-ledgerx/)
https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin)
https://www.coindesk.com/ledgerx-reveals-bid-to-beat-bakkt-to-physical-bitcoin-futures-launch)
CNBC interview with Ari Paul about why he bought $50,000 Bitcoin call option: https://www.cnbc.com/video/2017/12/26/man-behind-massive-bet-that-bitcoin-could-hit-50000.html)
Cheddar interview: more opportunity with the retail market:
https://cheddar.com/media/ledgerx-wins-u-s-regulatory-approval-to-trade-bitcoin-futures)
Bitcoin halving contract: https://blog.ledgerx.com/a-new-type-of-contract-for-a-new-type-of-asset/)
https://www.coindesk.com/ledgerx-unveils-betting-market-for-2020s-bitcoin-block-reward-halving)
Ledger on how to it would handle the Bitcoin Gold hard fork: https://www.ledgerx.com/s/LedgerX-LLC-Notice-to-Participants-2017-10.pdf)
Call option for $100k Bitcoin by December 2020: https://www.bloomberg.com/news/articles/2019-07-16/anybody-can-now-bet-on-bitcoin-100-000-with-new-call-options)
Unchained interview with Dan Morehead of Pantera Capital: https://unchainedpodcast.com/pantera-capital-how-bitcoin-could-reach-356000-in-a-few-years/)
Cboe stops listing Bitcoin fuures:
https://www.coindesk.com/cboe-puts-brakes-on-bitcoin-futures-listing)
https://www.wsj.com/articles/cboe-abandons-bitcoin-futures-11552914001)
Why CME’s futures saw more volume than Cboe’s: https://www.coindesk.com/cme-cboe-bitcoin-futures)
How Bitcoin futures will be taxed: https://blog.ledgerx.com/less-taxation-with-digitization/)
Doomschain clock/attitude toward private blockchains: https://blog.ledgerx.com/updating-the-doomschain-clock/)
Oracle blog post: https://blog.ledgerx.com/how-to-talk-to-the-oracle/)
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