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'Father of Financial Futures' Seeks Cryptocurrency Hardware Patent


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A U.S. economist and businessman known for his work in spearheading the early development of futures contracts is seeking a cryptocurrency patent.

Richard Sandor, a former Chicago Board of Trade chief economist and vice president, advanced the utilization of financial futures back in the 1970s, earning him the moniker "the father of financial futures" and, later, "the father of carbon trading," according to Time.

https://www.coindesk.com/father-financial-futures-seeks-cryptocurrency-hardware-patent/

 

 

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Sounds like a big "cold wallet", yes? Might be a good thing overall...

Main italicized quote from the article - "The invention relates to a method to facilitate trading of digital currencies, which comprises electronically storing an amount of a digital currency on an electronic storage device or electronic registry; and physically storing the storage device or electronic registry in a secure, physical repository that is not publicly accessible with the storage device or electronic registry available for use in subsequent delivery of the digital currency."

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2 hours ago, 1911Falcon said:

A U.S. economist and businessman known for his work in spearheading the early development of futures contracts is seeking a cryptocurrency patent.

Richard Sandor, a former Chicago Board of Trade chief economist and vice president, advanced the utilization of financial futures back in the 1970s, earning him the moniker "the father of financial futures" and, later, "the father of carbon trading," according to Time.

https://www.coindesk.com/father-financial-futures-seeks-cryptocurrency-hardware-patent/

With more and more news like this, the more that I think the "5 trillion" mark might be more realistic than the "1 trillion" mark that was originally set for the plateau of the crypto industry.

https://cointelegraph.com/news/billionaire-fortress-investor-cryptocurrencies-will-be-worth-5-trillion-by-2022

I think crypto is just too tantalizing for the big money players. 

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4 hours ago, GiddyUp said:

Sounds like a big "cold wallet", yes? Might be a good thing overall...

Main italicized quote from the article - "The invention relates to a method to facilitate trading of digital currencies, which comprises electronically storing an amount of a digital currency on an electronic storage device or electronic registry; and physically storing the storage device or electronic registry in a secure, physical repository that is not publicly accessible with the storage device or electronic registry available for use in subsequent delivery of the digital currency."

More than just a cold wallet, probably a secure vault from the looks of it.

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