Post
Topic
Board Speculation
Re: Down, down, down, down, down
by
Nagle
on 07/03/2014, 22:04:48 UTC
Please, be concise. Bitcoin futures would exist just for the same reasons that currency futures and commodity futures exist.
A big problem with Bitcoin futures, options, and derivatives is that there is no counter-party in the Bitcoin community which can be relied upon to pay up when they lose. The Bitcoin community can't even run a reliable remote wallet or exchange. Those are businesses which have zero speculative risk, yet most of them either fuck up or steal. Often both.