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