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by Maarten88 3118 days ago
Not my moral judgement, I think the creator of bitcoin was quite explicit in his (or her) disapproval of the finance industry and governments inflating the economy by injecting large amounts of money, and went on to create a currency with a fixed supply. It is ironic these futures are effectively leveraged bitcoins, needing central trust. I'm pretty sure Satoshi would not approve.

That said, I do question the value of cash settled pork belly futures when you are not going to buy or sell any actual pork belly in the future. If I were to write tax law, I'd tax it the equivalent of casino tax, at least.

2 comments

It’s one thing to say that Satoshi would not approve. That’s likely true. It’s another thing altogether to say that Satoshi would be surprised by this, or that it is in any way ironic.
Well Satoshi also created a currency which is completely usuited for the task due to it's limited supply as well as a host of external issues. So... meh?