When this post is 29 hours old, the "Bitcoin Cash Futures Tokens" Flipstarter is scheduled to EXPIRE.
that's epoch time 1711684800 s.
or US Eastern Daylight Time, that's Friday March 29, 2024 00:00:00 AM.
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This idea is about a year in the works, but only got written down finally because I didn't have time to explain it fully to Emergent_Reasons during an interview with General Protocols on February 16th, so I posted it to Bitcoin Cash Research instead as: An incentivized scheme for fixed token Future markets
Those ideas turned into a flipstarter proposal about a month ago
These are the announcement threads:
/r/bitcoincash flipstarter announcement Feb 29th
r/btc flipstarter announcement March 7th
To explain how these fungible Futures tokens product fits in the overall Bitcoin Cash Defi landscape, I wrote a set of mini primers of all the other Layer-1 defi apps and as their traditional finance counterparts.
In the meantime, a more centralized exchange applied to roll out traditional futures on April 1, so I explained how the flipstarter proposal is very different from a fiat denominated trust based contracts, while some drama was happening.
All the ELI5-ish explanations were written FREE OF CHARGE, in hopes that they might entice some market demand for the proposals. I want everyone to know what they're getting, so that you all can value it appropriately.
The price of BCH is volatile. That's one reason why I think this flipstarter is important. I believe a free market on timed deposits might be one way to get a stabler BCH price.
The proposal is for 60 BCH, which includes 10 BCH for an audit. If the fiat price doubled, or quadruples, or increases ten fold, I think it's still a really cheap price. If I were to repost the failed proposal, it will be an order of magnitude more expensive.
We're looking for 5 BCH to close it. And we do NOT have 5 BCH.
There's no pocket whales; they all went "yachting". I CANNOT put in 5 if it's not worth 60, for reasons explained in links above.
This FS site is using the flipstarter.cash version of flipstarter, so a full electron cash plugin is REQUIRED.
IT'S AN ALL DAY SALE TOMORROW 'til END OF DAY.
WE'RE LETTING THIS EXPIRE AT SIXTY BITCOIN CASH, LOOKING FOR FIVE! NO TAKERS―ALL DAY.
EVERYONE IS OUT OF MONEY.
last. call.
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