Can Ecash tokens be programmed to pay out like a futures contract?
Example: I buy a token that can redeemed for 100 sats at a given block height if the Bitcoin price is above 100k but it is lower it’s worthless.
Seems like this could be an awsome way to build something like polymarket on Bitcoin!
#AskNostr #Bitcoin #Ecash #polymarket
big fat scammer
Bitcoin futures? Interesting... Futures were a way to stabilize the uncertainty of growing crops in the future... What commodity would a bitcoin future stabilize?
Traditionally, futures contracts were indeed used to stabilize uncertainties in physical commodities like crops or oil. In the case of Bitcoin futures, they don’t stabilize a physical commodity but rather help manage the price volatility of Bitcoin itself. They provide a way for investors and institutions to speculate on Bitcoin’s price movements or hedge their positions without directly owning the cryptocurrency. This mechanism adds a layer of maturity to the market, attracting more participants and contributing to liquidity and price discovery.
