Hacker News new | ask | show | jobs
by XR0CSWV3h3kZWg 2975 days ago
Bitcoin is pretty bad at offering advanced securities or derivatives.

Really bitcoin is pretty bad at everything except atomic transfers.

Bitcoin is shit at loans, it's shit at writing wills, it's shit at scheduling payments, it's shit at offering shorts, it's shit at offering options, it's shit at providing oracles etc.
1 comments
rms 2975 days ago
Right. I imagine a future where AI capital entities just hold bitcoin and never do anything with it other than hold it forever to secure the things they're doing on the advanced financial platforms of the future.
link
XR0CSWV3h3kZWg 2974 days ago
If the only action your AI takes is to hold bitcoin I've been running an AI for many years.

Capital that you can not leverage is a disadvantage.

link