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Sean Harris🏀
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Bitcoin and Basketball 😎 The Cool Kids are on Nostr Now. We Use Bitcoin. We Are Free.

Interesting coffee stain in the middle of his shirt 👀

Bitcoin is savings bc it does not produce yield/dividends. Up your satsflow 🔥

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😂😂😂😂

I can’t zap your note. It says invalid Lightning address.

I understand that a stablecoin pegged to the dollar may be preferable to bitcoin in places like Venezuela or Argentina where salaries are small and many live paycheck to paycheck and can’t withstand short term volatility. But I’m thinking when bitcoin is the unit of account, the measuring stick, why would such derivatives even be around? Seems like more harm could be done, and not much of an upside.

You do not want to know where his train leads to, trust me 😂

Sounds about right. Seems like the only reason would be to hedge investments. But if bitcoin is the unshakable measuring tool, there may not be any need to hedge.

Honest question: In a bitcoin standard is there a need for financial derivatives?

I get the need for commodity derivatives for farmers etc. But what would be the purpose of financial derivatives?

If the world could hurry up and get on bitcoin standard that would be fine by me 😂

Gm + PV

Still waiting on 5k euros (not dollars) to go from Spain to my bank account in the US. The transaction started Feb 24, 10 days ago. The banks don’t stand a chance against bitcoin.

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