| > Sure, but that alone can have value. Yes. It may have perceived value. I mean, people spend money on useless skins in games, and perceive those as having value. > Especially if it is anticipated that physical settlement demands will not be especially common. Of course, you're buying wine futures and you're hoping that no one will demand the actual physical settlement of, you know, delivering you the actual wine. Sure. That's what NFT scam is all about. > It might be simpler to get your single-vineyard wine futures up and running on crypto than trying to get it listed as a new contract type in a traditional futures exchange. Call me when 1. might becomes is, and 2. it actually requires blockchain, and 3. has any applicability on the real world (like enforcement of contracts) > Obviously settlement for physical goods is a centralized processes (or possibly a somewhat decentralized process relying on courts and contracts). This is equally true for any exchange, crypto-based or not. Your so close to getting it. > like people in countries with failing economies I wish crypto-peddlers would stop pushing this extremely stupid narrative. |