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There are dozens of dApps where anyone with an internet connection and money can buy/sell puts and other options on BTC anonymously. They have full openly audi
by MacsHeadroom 4y ago
There are dozens of dApps where anyone with an internet connection and money can buy/sell puts and other options on BTC anonymously.
They have full openly auditable reserves and all their code is open source and visible on their respective smartchains. Wanting an institution to provide a sub-par solution for this is a cop-out. Put up or shut-up.
- mattnewton 4y agoWith a centralized service I don’t need a law degree, I can quickly ask an expert what my rights are and understand an option, and there is a (limited and slow, but existant) method to make myself whole in the event of a problem. Each dApp is its own special setup and it can be quite complicated to figure out exactly how it behaves, who to sue if it doesn’t, and who to pay money to find these things out for me. I hope you’ll forgive me for being worried about trusting that with any significant sum of money.
- aaaaaaaaata 4y agoStop outsourcing protecting yourself.
- mattnewton 4y agoNo man is an island. I’d rather pay taxes for police and hire a plumber than live in the woods with a rifle and fetch my own water, given that there are only so many hours in a day to try and be an expert on everything.
- benreesman 4y agoAh, but the Randian elite is not concerned with such. Obviously the Galts of the world will have services, they’ll pay for them by running monetary policy as well as Greenspan did.