Matt Wraith, CTO of Bitnomial, breaks down Bitcoin futures markets, fork futures trading, and quantum computing risks. Deep dive into physical delivery, market mechanics, and how chain splits create unique trading opportunities.
Matt Wraith, CTO of Bitnomial, joins us to talk about the intricate world of Bitcoin futures trading. From explaining physical delivery vs cash-settled futures to exploring the wild possibilities of fork futures markets, Matt breaks down complex market mechanics with real-world examples. We dive into how chain splits could be traded, the quantum computing threat to Bitcoin, and why having oil storage matters when futures go negative.
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Notes:
- Bitnomial founded 2014, launched futures 2020
- Oil futures went negative in March 2020
- Bitcoin Cash hashrate flipped BTC post-fork
- Quantum computer threat "5 years away for 30 years"
- Physical delivery requires actual BTC transfer
- Fork futures first appeared during SegWit debate
Timestamps:
00:00 Start
01:09 Founding Bitnomial
03:32 Regulatory changes
05:16 CTO role
06:09 Multiple hats
07:29 Futures
10:08 History of futures
12:38 Physical delivery
14:48 Storage costs
17:25 Clearing house
18:27 Cash settled
21:22 Bitcoin futures history
25:23 Forks & futures
37:02 Assets on Bitcoin
41:22 Restrictions on futures
45:04 Black Swan pricing
48:18 Quantum
52:52 Presidio Bitcoin Quantum Conference
55:36 Futures as governance
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