Shitcoiner, nobody, attention-whore, segwit2x traitor and all-round ugly girl has opinions:
1/ there is a very real possibility the price of bitcoin does not go up after halving. for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying.
I don't get it, why is this a bad thing? Aren't derivatives commonly set up for volatile assets? If institutional investors focus on derivative markets is that bad for bitcoin?
Some of the guys went some way to responding to this in the subsequent posts here, and then Jack Mallers on Twitter makes a better fist of it than I can:
1/ @Melt_Dem, I respectfully disagree. This is incorrect.
Yes, derivatives do help market efficiency and general price discovery.
However, no, of course they do not affect basic supply and demand.
But really there's also a point here about being all mature, hyper-male perhaps, grown-up and shit by arguing the content, the points made by one's foes and not reducing to ad-homs and other 'ugliness'.
No, fuck that. There's a war on and the meltdems are the fucking enemy. Everything they say is designed to denigrate bitcoin and its supporters, and all their soi-disant arguments should be dismissed out of hand as miserable propaganda.