Okay then. So, if bitcoin is a commodity, why do you think you can't really enter a contract "between two parties to buy or sell a specified asset (bitcoin) of standardized quantity and quality for a price agreed upon today with delivery and payment occurring at a specified future date, the delivery date"?
This futures contract (the definition of which is given above) is just one among many other possible types of paper derivatives
I never said this cannot be done.
But because bitcoin is so easy to deliver, there is no practical sense in doing thatOkay, what about currency futures then? Should I explain to you the purpose of them (it will be the same for bitcoin, and even more for bitcoin, for that matter, lol)?