Re:CBOE Will Start Bitcoin Futures Trading on December 10
by notyourday on Monday December 04, 2017 @10:48AM
(#15844728)
please illustrate how my example is flawed without hand waving.
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Re:CBOE Will Start Bitcoin Futures Trading on December 10
by nivertech on Tuesday December 05, 2017 @07:35AM
(#15851334)
In your example you start with 4 players each having $100, but IRL there are many more players with many more dollars who can and will join this game and 4 original players will eventually willingly or unwillingly exploit them.
It's like Israeli Kibbutzim[1] had a members-only Communist-like system, by exploiting outside employees and living on government subsidies.
Most kibbutzim are not self-sufficient and have to employ non-kibbutz members as farm workers (or later factory workers).
Re:CBOE Will Start Bitcoin Futures Trading on December 10
by notyourday on Tuesday December 05, 2017 @12:40PM
(#15853595)
market is a closed system.