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Really surprised the SEC hasn't taken action on this. This is going to be a shitshow. Maybe a long con from federal regulators to "prove" that non-USD financial schemes are doomed to goat rodeo status?
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Had this conversation with people severally about bitcoin - Tech folks don’t understand the financial capital system - not really. The markets want to play in bitcoin so the bets for and against won’t be binary to buying bitcoin or not
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Moreover the real backend to futures relies on finding the idiot who would lend bitcoin with Dollars or non crypto currency as collateral?