[Cryptography] Why Nasdaq Is Betting On Bitc oins 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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