Mike | Abundance 🌟 pfp
Mike | Abundance 🌟

@abundance

just to point out that speculation plays an important part in markets; it's the other side of hedging one party wants to minimize risk and is willing to pay a premium for that. the other party is speculating — taking on risk in exchange for the premium this is taken to an extreme in casinos, where the house takes a premium while speculators produce no tangible value other than their own entertainment (and potential reward, which on average of course is a loss) applying this system to rewarding creators is a bit of a misdirection: you're still playing a casino game. you're still doing it for your own entertainment. the casino (platform) still takes it's premium, but now the creator also gets some crumbs (and you get to virtue signal that you're not "just" playing a casino game)
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