[Cryptography] Why Nasdaq Is Betting On Bitc oin’s Blockchain

Henry Baker hbaker1 at pipeline.com
Tue Jul 28 14:13:11 EDT 2015

At 10:57 AM 7/28/2015, Robert Hettinga wrote:
>> On Jul 28, 2015, at 8:17 AM, Jerry Leichter <leichter at lrw.com> wrote:
>> The people (natural and otherwise) who actually buy and sell shares are *beneficial* owners
>IBUC would be able to *lend* that debt and equity to short sellers in addition to collecting a premium at issue and redeeming at par.  Pretty much the way that American Express is when the get cash.  It's their money until you said it was yours by depositing a traveller's check. :-)

Q: You mentioned *short sellers*.  One of the biggest problem with short sellers today is that no one checks to make sure that a short seller actually *has* the shares to sell; in some cases, these short sellers don't even bother *borrowing* the shares for up to *six months* after they have already sold them.  Does NASDAQ's blockchain proposal solve this problem?

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