4 ms·

And it turns out the only people wanting to make novel financial instruments on crypto currency are scammers.

• dralley 5y ago
  Most of the "novel" crypto financial instruments aren't necessarily "novel" so much as "made illegal in a century ago because of fraud and scams". Or at the very least "things with clear risks that crypto plebs are oblivious to" https://www.bloomberg.com/news/newsletters/2021-05-11/money-stuff-crypto-markets-are-where-the-fun-is https://www.bloomberg.com/news/newsletters/2021-05-11/money-...
  • exdsq 5y ago
    Care to show one or two financial instruments that were claimed to be "novel" but were made "illegal a century ago"?
    • kgwgk 5y ago
      https://www.bloomberg.com/opinion/articles/2015-06-19/bitcoin-bucket-shop-kicks-bucket https://www.bloomberg.com/opinion/articles/2015-06-19/bitcoi...
      • exdsq 5y ago
        This is six and a half years old, wasn't about a novel defi instrument but about derivatives, and derivatives aren't illegal. They're also now well implemented in DeFi.
  • nathias 5y ago
    were they made illegal for my safety?