A question about anyhedge - what am I missing?

Hi everyone. There's something that's nagging me about anyhedge. It looks great, but that's the problem: is it somehow too good to be true, or am I missing something.

Let me explain my understanding, and you guys can correct me.

• 1. You can take out a decentralised, uncensorable contract with any counterparty on any asset as long as you both agree on a trusted price feed.
• 2. The "long" position, expecting the price to rise, benefits by leveraging their asset, therefore if the price of that asset increases, they can multiply their gains. Consequently, their loss is magnified if the price goes down.
• 3. The "hedge" or "short" position, expecting the price to drop, benefits by maintaining the asset-denominated value of their BCH. Consequently they do not make any gain if price goes up.

In short, it's a way to transfer risk value changes to a counterparty.

And all this without the messy detail of having to hold that asset? e.g. commodities like oil, rice, tantalum ..., currencies like USD, EUR, JPY, other cryptos like BTC, ETH, etc. You could even take a position in credit default swaps, mortgage backed securities, government bonds....

Is there any asset you can't take a position in?

Now, if all that is true, then what more do we need from any other hypothetical financial trading platform? Can you do actual asset shorting? i.e. make a bet such that if the price goes down, your value increases.

Can anyhedge replicate futures trading - calls and puts, or even more complicated things which are beyond my ken?

Can it even replicate insurance schemes? e.g. if I somehow have a trusted feed of the price of my car, and an accident destroys it, then the smart contract pays out? trustless, decentralised insurance??? What about a trusted feed on the price of my life & health (if such a thing were possible)?

Can it replicate Credit Default swaps? In fact, unless I'm mistaken, Anyhedge is itself a kind of CDS. I could take out a position on the value of, e.g., someone else's mortgage (or a group of mortgages). If that mortgage defaults, then I win a payout?

I'm fairly blown over by the potential of Anyhedge but, like I say, I can't help wondering what I'm missing.