Forbes report: Despite FTX Collapse Bitcoin Futures Surge.
This is worse news upon bad news because it only highlights the problem in crypto.
In any economy, there are always producers and traders, and they can be healthily symbiotic. But a collapse becomes a certainty when traders are trading on values that are solely created by trading itself (i.e., speculative value arising from speculative trading activities alone), instead of value producers who are independent economic actors.
Read more... The full content of this chapter is available in the two-volume book:
Bit & Coin
Merging Digitality and Physicality
Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)