Unfortunately bad actors now are like

Valkyrie futures bitcoin and similar products found on Binance

Infinitely traded bitcoin that isn’t there

Solution though is stopping them, unlike silver/gold all we have to do is self custody the lot and boom… paper can’t trade coz nothing to short

As we won’t sell bids run up and up

Say we set the floor at 10 million $

If they can trade infinitely

We can also starve supply until bid is infinity

It’s the first time we’ve had anything that allows us to win so easily

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Discussion

Does futures bitcoin trading need to actually hold any bitcoin? I thought short and long losses were paid out in fiat?