Monday, May 7, 2018

Futures contracts could turn Bitcoin into a zero-sum game


In Greek mythology, the Titan, Prometheus, brought fire to mankind against the will of the supreme Olympian god, Zeus. As a punishment for divulging the divine secret, Prometheus was chained to a Caucasian Mountain for all eternity, visited only by a vulture that would come every day to nibble at the Fire-BringerĂ¢€™s liver, which then promptly regenerated, only to be feasted upon again and again by the ever-hungry scavenger. Bitcoin might be likened to Prometheus in that it brought the seed of a new kind of monetary system to humanity, which hitherto had been living under the reign of the…

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