134: BTCVIX – Bitcoin: The Magic Internet Money You Can No Longer Ignore
Chat With Traders
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The BitFinex Hack and the Debt Token
BitFinex introduced called the BFX token, BitFinex BFX. They issued the same amount in dollars that they owed to each person because the haircut of losing 120,000 bitcoins was not 100% sure it was either 33 or 36%. The debt tokens traded all the way down to, it's supposed to be a dollar per debt token, but I think it went up to like 30 cents after the hack and people dumped their tokens. Eventually, it was redeemed for a dollar. It retired the entire outstanding debt that they had.
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