You are viewing a single comment's thread from:RE: FUTURES ARE ANTI-BITCOIN OR HOW BITCOIN BECAME FIATView the full contextView the direct parentminedblock (28)in #bitcoin • 7 years ago The point is that Futures are a tool to create an unlimited supply.
But they don't create any supply.
It's someone betting on the future price of bitcoin. Has nothing to do with the actual coin or the chain.
By selling futures, you are selling Bitcoin that doesn't exist and futures transactions set the price of the asset. Asset price is derived from futures contracts .
No. You are not selling Bitcoin because you don't own Bitcoin.
Supply and demand sets the price of the asset. Nothing else.