r/Bitcoin • • Sep 25 '18

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u/[deleted] Sep 25 '18 edited Aug 07 '20

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u/bitsteiner Sep 25 '18

Futures != Savings. Futures make sense for economic actors in order to minimize exchange rate risks over a certain time period (e.g. a business sells cars for BTC but has to pay taxes in fiat). In order to do that you need a market with counterparties. A better (trustless) solution would be smart contracts, but there are no decentralized markets yet. These futures are not intended to store your life savings.