2/ Derivatives derive their value from the underlying, settling against an index composed of spot exchanges. General arbitrage and market efficiencies will always keep derivatives tied to the underlying.
Traditionally, the premium on a future is only due to the cost of carry.
3/ Commodity derivatives were invented to simply transfer risk.
Corn farmers selling futures before a risky winter transfers their risk to a speculator, allowing the farmers to do what they're good at, farm corn.
This has nothing to do with the price of the asset.
1/ I've been in China the last week talking all things Bitcoin, Lightning, Zap, and what the future may look like. The reception has been amazing and made this experience something I will never forget.
2/ Bitcoin is the worlds first global language. All of us don’t natively speak the same language, eat the same food, enjoy the same hobbies, but we all gravitate to projects like Bitcoin, Lightning, and Zap because they represent a better world.
3/ Bitcoin is not software that is lacking consumer adoption, an app that is not meeting performance benchmarks, or a business that needs a change in leadership. Bitcoin is a global phenomenon. An idea and a movement that represents a more connected and free world.