Futures are still technically gambling. (…) There’s always a chance that the underlying asset radically changes in value between the contract and execution dates.

Sure, I agree. But in the same technicallity; purchasing or selling anything is technically gambling, there’s a chance that it will devalue or increase in value over time. You could’ve bought (or sold) earlier (or later). (Electricity market, again, being an interesting exception, as the product is destroyed as soon as it’s created. One could say the true value is never discovered, as it’s only sold as futures).

The MBS market basically directly lead to the '08 crisis, as you certainly know.

The fundamental problem that lead to the '08 crisis was incorrectly priced mortgages, and risk of repayment/devaluation. Even if the morgages were held by the original issuers, the same outcome would’ve occured.

It wasn’t the derivative market that was the problem.

An example of a derivative, that I can’t think of any reason for existing, other than increasing risk, are leveraged ETPs. I’d call those as close to pure gambling of any derivatives I know of.

Group with most weapons takes all, then infighting begins?

Not exactly a direct answer to your question, but on my local 2nd hand website are a lot of pokemon cards for sale for cheap.

I guess they’re from collectors that buy a lot of packs in order to find the rare ones. Then sell the rest at loss.

He cute though

“The history of money, is the history of war” is how I was thought.

Almost every major change to the monitary system, came as a result of war.

Don’t put all your eggs in one basket. Spread your treasure over multiple watchman, each holding only a part. Keep a public reputation system for each watchman. Make the loss of reputation more costly than treasure to could steal.

(like fluctuating transaction fees) whose effects can be a lot more immediate. However, they require all money to be electronic.

Isn’t that achievable by VAT? No need for electronic money.

A derivative != gambling what the other 20% will do.

A common derivative is a “future”.

Pre-ordering a videogame is a future contract. It’s a way for game publishers to finance the development of the game.

Sometimes futures are the only way to trade a product: all electricity is sold under a future contract. This refers to producers and consumers agreeing “tommorow 11am to 12am, I will consume (for the one party), and produce (for the producing party), 10MW of power”. It is a simple necessity to trade electricity as a future contract, as electricity isn’t easily stored, and the grid needs to be balanced (production ~= consumption) at all times. Here, the future contract is used as a method of coordination.

I also liked Economics of Money and Banking, a course by Prof. Mehrilng of columbio university, which is available through coursera (1).

Historically, debt existed before money existed. But that only works in a framework where people can trust eachother to repay the debt.

Quit smoking. Vapes and mix your own liquids is cheaper than tabacco or premade liquid/pods.

https://www.budgetbytes.com/

I like this website for easy, cheap, sometimes healthy, meals

Only in winter

My microwave is bad at walking a dog. Schould I buy an airfryer? Especially in winter, I would like a machine for that.

I prefer kettle as a microwave is slower, and turns ceramic cups into lava.

Buy etfs

“Military domain - do not penetrate” 🤔

Any updates?

Firefox, syncthing, antennapod, organic maps

Become dogfood