The Chicago Mercantile Exchange launched bitcoin futures trading on December 18th. Who would short bitcoin? What are the implications of fork coins on futures markets for cryptocurrencies? One of the fundamental things you need for a futures market is a consistent, predictable, publicly audited reference rate (price) to underpin the legal contracts. Exchanges which provide data for that reference rate must follow certain rules.

Disclaimer: I serve on the Oversight Committee for the Bitcoin Reference Rate (BRR) at the Chicago Mercantile Exchange.

This talk took place at the Riga Art Space for the Baltic Honeybadger conference on November 25th 2017 in Riga, Latvia: https://antonopoulos.com/event/baltic-honeybadger-2017/

RELATED:
Beyond Price: Bitcoin’s Impact on the Future – https://youtu.be/rvwVbRQ5Ysc
Investing in Education Instead of Speculation – https://youtu.be/6uXAbJQoZlE
Futures markets – https://youtu.be/vGz22l1FZEM
The impact of smart contracts on law and accounting – https://youtu.be/K-TRzuPwJCc
Who determines the value of bitcoins? – https://youtu.be/DucvYCX1CVI
Price volatility, pegging, and stability – https://youtu.be/9KPyflyHP6s
Price premiums and arbitrage – https://youtu.be/B4tsk-ZiHuE
What is mining? – https://youtu.be/t4p4iMqmxbQ
ICOs, disruption, and self-regulation – https://youtu.be/yfjgcI8xX3A
ICOs and responsible investment – https://youtu.be/C8UdbvrWyvg

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

Subscribe to the channel to learn more about Bitcoin & open blockchains!

If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop

Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)

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38 COMMENTS

  1. Walking "all u Need 2 Know source! A true (un)polished multifaceted passionate Crypto diamond!
    Modern Robin Hood of Economy. Well educated, interested, experienced Metaphorical connecting our financial past and future from with passion!
    From Technical, Biological, Medical, Economical, Anthropological and IT perspective. Very enriching for navigating (financial) life! Greeting from Amsterdam

  2. Here we go: something has been changing! More and more people who knows what they are saying at public speaking and the "word" is spreading. Great talk by the way guys!
    In the 2018 anyway I'll take a shoot in private coin like Verge ,Monero etc..You definately want to bet your dollar in these sector..
    Interesting project that I've just checked lately is DeepOnion 'cause it is the first crypto developed on TOR Network. Just watch their site and tell me I'm I scam 😉

  3. Hello Andreas. I think you are the Guru of the Blockchain:-) Now that Net Neutrality is gone (at least in USA) how does it impact on Bitcoin and its blockchain?
    Many say that Substratum is the answer! But I think Substratum will work as long as ISPs don't do "whitelist throttling".
    Do you think that use of other technologies like VPN or Tor can help sidestep this issue? I saw many innovations from the Cryptocurrency community to integrate with censorship resistant networks like Tor or I2P are underway. Among anonymous crypto-currencies I've found DeepOnion to be the best one, do you know it?

  5. Andreas mentioned something quite pro-found when discussing how all of the physical material in our body will by changed out, yet we are still the same person because the pattern is the same.  That would be the same for cryptography that makes the value of your bitcoin unique and unable to duplicate.  It could be the same with us and it is not the material aspect of us but possibly a cryptographic pattern that uniquely defines us and can not be duplicated. That would make us eternal as long as the pattern is not lost and our physical self defines a location for us to interact, like a hardware wallet. When we die we kind of end up in cold storage.

  8. I was very excited to see the launch of Bitcoin futures, after a month I must say my bullish expectations for BTC have been crushed. It seems like more people than ever before are seeking an alternative for investment or simply daily use.

    Myself I prefer to use Litecoin or DeepOnion (fascinating project) for daily transactions and I feel like the market is at a turning point, where BTC become more and more institutionalized, stable and smart money start to seek better returns in the low market cap cryptos. What do you think ?

  9. One of the best resource speaker ive heard & seen in the long time, No Hype just pure information and kwowledge about Bitcoin Futures.

    I am looking forward in seeing ethereum, XRP and other Cryptocurrency Underdog like ETN,Tron, DGB and DeepOnion in the CME future's market Exchange.

  10. I think I could listen to you all day! You are so knowledgeable! Which exchanges do have 0 fees? I didnt know anything like that exists? I have a question for you – what is your view on privacy coins like Verge/DeepOnion/Dash ? I've been investing in some of them because there seems to be a lot of hype on anonymous coins. Do you see these overtaking BTC at some point or will BTC somehow evolve? Thanks

  11. this is the problem when you upload clips, then I'm watching this video and realize I already heard this from another video on this exact same channel. I don't like watching the same stuff over and over unwillingly. So unfortunately this devalues all the content on the channel and makes me less likely to watch any future videos. 🙁

  18. Great days comming for crypto overall.Bitcoin as a futures is step to wide adoption. What I do not like in Bitcoin is that it is not anonymous and goverments start taking actions in several countries to people using and trading bitcoin. Thats why I am totally shiffted to anonymous coins, I see mass hype recently about them. I would like to see your view on them in some of your videos. XMR, recent Verge surge (MCafee pump) and especially Deeponion. I think this will be huge in 2018. They have supperior technology in terms of anonymity and 100% untracable. TOR based with very unique features like Deepvault and Deepsend. Please do check it out in some of your videos. They are releasing their whitepaper soon and woocomerce plugin for acception ecommerce payments. I think this will be huge

  24. I think that futures on Bitcoin will amplify the speculative game…it's not a good think in general…i am very confused by the whole situation around Bitcoin at the moment..it seems like the whole game is in the miners hands…and i see no direction at all for BTC…indeed i have noticed that privacy coins are growing fast recently..maybe because investors prefer to move their money into something that looks more safe and that can offer a better future than BTC…for instance Verge, DeepOnion, Hush, Bulwark, Navcoin have all grown a lot in the past days..especially and DeepOnion and Verge..
    i would like to know your opinion about privacy coins in general..

  29. futures is a weird way to proceed with btc. why not just buy / hold etc.? No way would I allow CME to handle my trades. Look at silver and gold… Just b/c BTC can't be fixed, does not mean we should get in bed with these criminals. I see BTC and the coin opportunity as a way to take responsibility for my money – finally!

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