Wall Street has dreamed up an array of derivatives tied to stocks, commodities and mortgages. Now such contracts are being developed for bitcoin.
In recent months, some cryptocurrency firms have begun touting structured products linked to the price of bitcoin, with complex formulas determining how much they pay out.
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They cant beat the math that proves math is more than gold or the dollar because those things are based on the principle of worth witch is a math concept.
Dodd-Frank has helped enable this mess. Derivatives need to die. Permanently.
My advice to people thinking about entering this market, is buyer beware
If we don’t learn from other people’s mistakes, we are bound to make our own. Expensive lessons 😏
Tulips......
ponzi square. nice
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Source: CNBC - 🏆 12. / 72 Read more »