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		kasey_junk on Dec 18, 2017 \| parent \| context \| favorite \| on: Why you can’t cash out part 1: Bitcoin’s “price” i... Is there a way to verify this somehow? One of the biggest issues in the Bitcoin space seems to be counter party risk with the exchanges. How do large Bitcoin traders price that risk? With most modern financial exchanges the accounts are open, audited and they’ve had a long time to generate trust with their members so pricing the counter party risk is straight forward.

sharemywin on Dec 18, 2017 [–]

if your treating bitcoin as anything short of gambling, you probably in for a big surprise one day.

kasey_junk on Dec 18, 2017 | [–]

Professional gamblers price counter party risk into their bets as well. Using similar methods now that the bet takers are frequently public corporations.

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