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Those same workers could have traded in their 5000 Stellars for $50 on Stellar Forums. Everett was actively selling 5K Stellars at $50 [http://forum.stellar.or
by SandroG 12y ago
Those same workers could have traded in their 5000 Stellars for $50 on Stellar Forums. Everett was actively selling 5K Stellars at $50 [http://forum.stellar.org/t/i-want-to-buy-your-stellars-50-for-your-5-000/520/32 http://forum.stellar.org/t/i-want-to-buy-your-stellars-50-fo...], while buying them at $1 on Mechanical Turk.
- ghshephard 12y agoOtherwise known as "Arbitrage" and something that any commodity, let alone currency faces in the first 30 seconds on the market. If it wasn't Everett, there is a 100% guarantee that if there was money to be made, that any one of another 10,000 people would be immediately utilizing this mechanism.
- Aqueous 12y agoOk - think of $49 as the cost of not having to figure out what Stellar is and where the opportunity to sell them at a higher price exists.