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camper | 1 days ago (raw) | root | parent | reply | flag +1 
 Derivatives are fine. The problem is the government implicitly insuring the biggest gamblers from any major losses.
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Marc26z | 1 days ago (raw) | root | parent | reply | flag 
 In bitcoin, a peer-to-peer electronic cash system, a derivative = not your keys, not your #bitcoin.
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camper | 1 days ago (raw) | root | parent | reply | flag 
 Sure. But derivatives serve different function (besides the degen trading). Hedging and insuring the risks is conceptually a fair efficiency gain.

Figuring out the most trustless way to do it is a separate issue.