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> Is financing your lunch a sign of societal decay? Maybe, maybe not. But it’s definitely an evolution in Market Completion. As a financial engineering and mark
by an0malous 1y ago
> Is financing your lunch a sign of societal decay? Maybe, maybe not. But it’s definitely an evolution in Market Completion. As a financial engineering and market completion enjoyer, I think this is great. A Complete Market is one where every risk can be priced, traded, or hedged. i.e. every risk has a price, every future has a counterparty.
This is a great example of how sociopathy is useful for building businesses. The tech version of this is:
"Will it destroy society and the job market? Maybe, maybe not. But it's definitely going to get us AGI."
People just openly admit that their business will hurt a lot of people but that it's great for some abstract goal that has vague-at-best upside.