Quote:
Originally Posted by adendreams
You heard of Exotic Options, Vanilla Options, Exotic Derivatives, Swaptions? Surely you know about CDS's (Credit Default Swaps)? You know - the things that crashed the economy?
They are just contracts - worthless pieces of paper (with collective values in the trillions of dollars) - that are a promise to pay something IF something HAPPENS... all Bitcoin is a public version of something Wall Street normally keeps within it's own ranks - thus the threat.
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Yes. They are intrinsically worthless. Just like bitcoin.