RE: Crypto-tragedy: “Now I am a believer” or history repeats itself

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Crypto-tragedy: “Now I am a believer” or history repeats itself

in philosophy •  7 years ago 

Why is leverage necessary? What benefit does leverage serve? As opposed to, say, trading based on people's needs? Is it leveraging me if I have excess bread but need meat while you have excess meat but need bread and the both of us combine our resources to make sandwiches?

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How much the sandwich will be and who will make it? how much will he be paid?

No money is traded in this example. The point is a mutually beneficial exchange. IOW no one needs to be wealthier in order to get things done.

Money exists for trading. Check my latest post. I made a specific one just for this, explaining it with simple words, minimal math.