I guess this is part of the new monetary paradign shift and the collapse of all major fiat currencies worldwide... We might get to a point when we no longer use the dollar as the reference for value, but may be satoshis...
Yes. Of course, if I'm a seller I'd rather take payment in cryptos for the same reason I'd rather buy in fiat. But governments can still force sellers to accept fiat with their legal tender laws.
Agreed. I've only been in this for about a month, but already things make a bit more sense if you value them in satoshis. For example: mining. I'm getting paid in crypto, and when I factor that in the ROI changes considerably.
great stuff @louisthomas ! are you optimistic about lighting network? I've read some articles claiming that it centralizes bitcoin since it will end up being controlled by blockstream and the banks... what are your thoughts about it?
By the way... I am subscribed to your youtube channel and is great to see you here as well....I just published my first dtube video... your support will be super welcome man! Im sure you will like it! :)
I think it's more, how does crypto stabilize enough be exchanged for goods or services without being tethered to fiat valuations. I think it will somehow be based with bitcoin like gold and ethereum like silver, primarily operating as backing/foundations for other alt coins.
How do you feel about TRX and it's dog-game? The website is in Korean but the cheapest dogs are seeling for 200 TRX which is like $35-$40 rn, but really feels like it should be $3-4. Could Tron be vying for the penny of crypto as it's base for crypto-dominance?
In finance, a futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future. The asset transacted is usually a commodity or financial instrument. The predetermined price the parties agree to buy and sell the asset for is known as the forward price. The specified time in the future—which is when delivery and payment occur—is known as the delivery date. Because it is a function of an underlying asset, a futures contract is a derivative product.
Contracts are negotiated at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be long position holder, and the selling party is said to be short position holder.[1] As both parties risk their counter-party walking away if the price goes against them, the contract may involve both parties lodging a margin of the value of the contract with a mutually trusted third party. For example, in gold futures trading, the margin varies between 2% and 20% depending on the volatility of the spot market.[2]
The first futures contracts were negotiated for agricultural commodities, and later futures contracts were negotiated for natural resources such as oil. Financial futures were introduced in 1972, and in recent decades, currency futures, interest rate futures and stock market index futures have played an increasingly large role in the overall futures markets.
The original use of futures contracts was to mitigate the risk of price or exchange rate movements by allowing parties to fix prices or rates in advance for future transactions. This could be advantageous when (for example) a party expects to receive payment in foreign currency in the future, and wishes to guard against an unfavorable movement of the currency in the interval before payment is received.
However, futures contracts also offer opportunities for speculation in that a trader who predicts that the price of an asset will move in a particular direction can contract to buy or sell it in the future at a price which (if the prediction is correct) will yield a profit.
Bitcoin would be better off as a store of value (its value will increase a lot)
This seems to be an issue with crypto in general. Why would I even use Litecoin or BCH if I know it's value is going up vs fiat that will go down?
I guess this is part of the new monetary paradign shift and the collapse of all major fiat currencies worldwide... We might get to a point when we no longer use the dollar as the reference for value, but may be satoshis...
EXACTLY - as long as the fiat world is collapsing, all cryptos are primary a store of value (some better than others of course)
Yes. Of course, if I'm a seller I'd rather take payment in cryptos for the same reason I'd rather buy in fiat. But governments can still force sellers to accept fiat with their legal tender laws.
Agreed. I've only been in this for about a month, but already things make a bit more sense if you value them in satoshis. For example: mining. I'm getting paid in crypto, and when I factor that in the ROI changes considerably.
Really interesting thanks for sharing !
Time and adoption.
great stuff @louisthomas ! are you optimistic about lighting network? I've read some articles claiming that it centralizes bitcoin since it will end up being controlled by blockstream and the banks... what are your thoughts about it?
By the way... I am subscribed to your youtube channel and is great to see you here as well....I just published my first dtube video... your support will be super welcome man! Im sure you will like it! :)
Have a check please: https://d.tube/v/albertoyago/sdazg266
I think it's more, how does crypto stabilize enough be exchanged for goods or services without being tethered to fiat valuations. I think it will somehow be based with bitcoin like gold and ethereum like silver, primarily operating as backing/foundations for other alt coins.
How do you feel about TRX and it's dog-game? The website is in Korean but the cheapest dogs are seeling for 200 TRX which is like $35-$40 rn, but really feels like it should be $3-4. Could Tron be vying for the penny of crypto as it's base for crypto-dominance?
Easy, it will be "Vitalieed".....yes, thats a word. In the meantime, @SatoshiLite is doing a pretty good job.
In finance, a futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future. The asset transacted is usually a commodity or financial instrument. The predetermined price the parties agree to buy and sell the asset for is known as the forward price. The specified time in the future—which is when delivery and payment occur—is known as the delivery date. Because it is a function of an underlying asset, a futures contract is a derivative product.
Contracts are negotiated at futures exchanges, which act as a marketplace between buyers and sellers. The buyer of a contract is said to be long position holder, and the selling party is said to be short position holder.[1] As both parties risk their counter-party walking away if the price goes against them, the contract may involve both parties lodging a margin of the value of the contract with a mutually trusted third party. For example, in gold futures trading, the margin varies between 2% and 20% depending on the volatility of the spot market.[2]
The first futures contracts were negotiated for agricultural commodities, and later futures contracts were negotiated for natural resources such as oil. Financial futures were introduced in 1972, and in recent decades, currency futures, interest rate futures and stock market index futures have played an increasingly large role in the overall futures markets.
The original use of futures contracts was to mitigate the risk of price or exchange rate movements by allowing parties to fix prices or rates in advance for future transactions. This could be advantageous when (for example) a party expects to receive payment in foreign currency in the future, and wishes to guard against an unfavorable movement of the currency in the interval before payment is received.
However, futures contracts also offer opportunities for speculation in that a trader who predicts that the price of an asset will move in a particular direction can contract to buy or sell it in the future at a price which (if the prediction is correct) will yield a profit.