Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set...
by lupire on Friday November 11, 2022 @03:10PM
(#33566135)
> and IDK why it is so hard to talk clearly about finance
Because unlike in engineering, in finance, conservation of "energy"/"money" allows arbitrary creation of negative money to cancel out arbitrary created positive money.
We pretend money is a real thing you can have, but it's actually more like one of the two opposite poles of magnet.
It's a game with made up rules, not a natural consistent system.
Because unlike in engineering, in finance, conservation of "energy"/"money" allows arbitrary creation of negative money to cancel out arbitrary created positive money.
We pretend money is a real thing you can have, but it's actually more like one of the two opposite poles of magnet.
It's a game with made up rules, not a natural consistent system.