alt Hacker NewsOil futures or any other commodity purchase that doesn't result in the buyer taking actual physical ownership of what they purchase is an obscene gambling market with perverse incentives yes correct.
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DaedalusII • today at 12:58 AM
by this logic investing in SAFEs is obscene gambling with perverse incentives and we should shut down the venture capital industry
How will commodity producers (oil companies, farmers) hedge their risk / stabilize their prices without speculators and their “perverse incentives”?