Astrid (Certified Serverless Maid)i have a take that there are only a few basic financial instruments that actually exist, and everything else is just repackaged basic ones with fancy names and hype:
- money
- loans
- gambling
- stocks
- maybe a few more but i can’t think of others
insurance? gambling, actually. options? gambling. futures? gambling. exotic options? im sorry you’re still doing gambling, just worse. margin trading? loans. cryptocurrency? money. DAOs? stocks. bonds? loans. collateralized debt obligations? you’re just putting a bunch of loans together into one to do an insurance against them, and insurance is just gambling by a nicer name
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