So, bitcoinex sold a bunch of Bitcoin futures and got burned when the exchange rate shot up? Is that basically his beef here? I've been following the story in t

So, bitcoinex sold a bunch of Bitcoin futures and got burned when the exchange rate shot up? Is that basically his beef here? I've been following the story in the Bitcoin forums and the #bitcoin-otc channel for a few hours, but it's not totally clear to me. Edit: I consider owing somebody a certain number of Bitcoins and agreeing to transfer them by a certain time to be essentially the same thing as selling futures. In the long run, the value of Bitcoins will either go up dramatically or drop to almost nothing, depending on whether or not they become widely adopted as a medium of exchange. The idea of "regulating" the market to provide "stability" makes no sense when the very concept of Bitcoin is speculative at this point.