5 sats \ 3 replies \ @ExponentialBTC OP 17 Jun 2022 \ on: Floaters | Arthur Hayes bitcoin
Posted this before reading it in full.
Total shitcoinery, ... sorry.
Arthur has different interests now than he used to have previously.
His interests never changed. I am not sure why anyone would take what he says to heart with his past at BitMEX.
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The thing is that with BTC you sort of hit a wall. You can make a wallet, or an exchange with a BTCUSD perpetual contract. But thats where it stops. Regulations make it impossible to develop further financial products, like a BTCXAU perpetual or Oil settled, priced in BTC futures :) Thats what BitMEX should have gone down that route "Bitcoin Mercantile Exchange" But instead they picked the low hanging fruit and kept adding shitcoin pairs. Can you blame them tho?
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That's OK. I like his style nonetheless.
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