Re:Peter Thiel’s fund wound down 8-year Bitcoin bet before m...
by me_me_me on Friday January 20, 2023 @05:26AM
(#34451080)
> It’s a game that involves shuffling money between players, without actually creating new wealth.
You can replace "shuffling money" with "shuffling commodities" and you have equally valid statement.
Commodities trades are just middleman between middleman, they dont do anything but inflate prices of goods.
Historically futures were good idea and were exchanged between producer and manufactures as a bet for more stable future (for both parties), not anymore.
You can replace "shuffling money" with "shuffling commodities" and you have equally valid statement.
Commodities trades are just middleman between middleman, they dont do anything but inflate prices of goods.
Historically futures were good idea and were exchanged between producer and manufactures as a bet for more stable future (for both parties), not anymore.