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S&P 500 options on the blockchain? Not as silly as you think

As a journalist, skepticism can be your best friend. 

But in some cases, it can also be your worst enemy, shielding you from what might actually be interesting because you are too busy looking for “the catch.” At The Block, we strive to be especially vigilant because of the history of hyperbole in this space. 

Most recently, headlines around a test of the S&P 500 on the bitcoin blockchain drew my skeptical eye. London-based skew, a cryptocurrency startup working on analytical tools, worked with Tokyo-based Digital Garage to test whether a simple S&P 500 options trade could settle on blockchain. 

That rose immediate red flags.

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