Exploring Bitcoin Halving Contracts

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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