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The fact that cryptocoin exchanges decide to offer leveraged trading options that mirror other popular financial instruments doesn't change bitcoin's core value
by wyldfire 8y ago
The fact that cryptocoin exchanges decide to offer leveraged trading options that mirror other popular financial instruments doesn't change bitcoin's core values.
This just underscores the fact that the cryptocoin economy contains many agents that don't have the ideology that quite lines up with the early proponents. IMO, that's not necessarily a bad thing.
- drexlspivey 8y agoHe is trolling.
- curiousgal 8y agoAt one point some exchanges were offering 500x leverage! It just adds instability to the market which is a bad thing if you are pursuing those core values.
- ckastner 8y ago> The fact that cryptocoin exchanges decide to offer leveraged trading options that mirror other popular financial instruments doesn't change bitcoin's core values. It's indicative of a change, and it can be reasonably argued that Bitcoin's original core values have already changed signficantly.
- ForHackernews 8y agoOn the contrary, I think "an unregulated market where none of the participants trust each other" is a good summary of the ideology of bitcoin's early proponents.