If you want institutional money, if you want big traders money for Bitcoin you can't avoid derivatives...
Moreover futures can be very useful for all the miners, they are able to sell at fixed prices several weeks or months before getting their bitcoins.
And don't forget that most of futures exchanges only accept bitcoins. So you need to buy "real" bitcoins before trading on them.
Why the fuck do you want them involved at all?
This is a revolution of the people, WE don't need nor want them.
Figures don't lie but liars figure. <<<--- that describes the entire institutional banking system and we should not want them involved on the NEW economy.
We were doing just fine until they started their futures market and skimmed the cap and got their greedy little hands in our pie.
You cannot really wish institutional investors away, even if you have preferences for them NOT to be here or not to attempt to manipulate the fuck out of the space. There are also some people who will not invest into anything except through institutional investors and there are also institutional investors that do not take individuals for clients, unless they have like at least a $million to invest.. Love or hate them, they are increasingly coming to the space, and I look forward to some of them getting reckt, even though in the end, they are likely already going to be able to figure out various ways to hedge in order NOT to get REKT, even if they do not really understand their investment asset (referring to BTC).
You are correct, I cannot wish them away, all I can do is point out why We should not be helping them in any way shape or form and that includes accepting them as inevitable.
When it all boils down they have unlimited funds that are provided by the Fed and obfuscated into the system, the more tools they have to obfuscate those infused funds that dilute the underlying assets value (purchasing power) the easier it is for them to control and hide the process. Therefor by shining a light on their practices and not participating in their schemes is a tertiary act against their actions.