Date post: | 14-Jul-2015 |
Category: |
Economy & Finance |
Upload: | exante |
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Practical aspects of
algorithmic trading.
Bitcoin hedge fund.
Gatis Eglitis, Managing Partner
Sergey Troshin, Ph.D., Head of IT Strategy and Operations
Part 3: Bitcoin fund
EXANTE
1. 2010 - EXANTE ATP & BO, strong IT focus
2. 2011 - Maltese brokerage licence
3. 2012 - Hedge fund platform & bitcoin fund
Money
1.Durable
2.Portable
3.Fungible
4.Intrinsic value
1.Store of value
2.Medium of
exchange
3.Unit of accountAristotle
IV BC
W.S.
Jevons
XIX AD
Money history1. before XI BC - barter
2. XI BC, China - bronze knives and spades
3. VI BC, Lydia - electrum coins
4. XI AD, China - paper money
5. XXIX AD, Europe - gold standard
6. 1944, USA - Bretton Woods system
7. 1971, USA - fiat currencies
Businesses
Bitcoin
2008 SaToshi NakaMoto
http://bitcoin.org/bitcoin.pdf
Crypto currencies
Exchanges
Technology
http://visual.ly/bitcoin-infographic
1PC9aZC4hNX2rmmrt
7uHTfYAS3hRbph4UN
Market
7 day average from
http://bitcoinity.org/markets/list
4 day average from
http://blockchain.info/pools
RisksLegal Technology Market
Gov’t regulation 51% attack Manipulation
Undefined status Scalability Volatility
Anonymity DDOS attacks Clearing
http://bitcoin.it
State of the artMoney Tulips Fiat Gold Bitcoin
Store of
value* **** ***** ****
Medium of
exchange**** **** *** *****
Unit of
account* **** ** **
http://bitcoin.org
Future
Minin
g
Technology
Exchan
ge
Busine
ss
Commodity
Debts &
Loans
Currency
Pension
funds
Derivatives
Although some of the enthusiasm for bitcoin is driven by a distrust
of state-issued currency, it is hard to imagine a world where the
main currency is based on an extremely complex code understood
by only a few and controlled by even fewer, without accountability,
arbitration, or recourse.
Francois R. Velde, senior economist (Chicago Fed Letter)
Yep, sounds like the dollar.
Reddit commentor