Comment by Flavius

Comment by Flavius 12 hours ago

11 replies

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This is a massive missed opportunity for financialization. We need a 3x Leveraged Bull Potato ETF immediately. Tokenize the crop, lock it in a vault and trade futures against the harvest. Why feed people for free when we could create artificial scarcity and pump the price 10x by next week?

McDonald’s fries pricing suggests the market has already priced in a massive supply squeeze. They are generating better margins on a sliced potato than the Central Banks get when they print fiat.

seydor 11 hours ago

Duh. Just set up a viral potato coin and then short it to death

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[removed] 11 hours ago
[deleted]
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yongjik 9 hours ago

I know it's fashionable to blame capitalism on everything, but dealing with excess produce is legitimately a hard problem because they have a shelf life and someone has to harvest them and move them to where consumers are.

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  • gruez 5 hours ago

    Not to mention it's factored into future prices. Futures for the same commodity, but for delivery on different dates can vary wildly in price. The most notable examples are oil and electricity prices going negative occasionally.

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  • Flavius 8 hours ago

    With advanced preservation techniques, we can extend the shelf life of food almost indefinitely. This flexibility extends to the farm level as well: farmers have the agility to pivot production annually, switching from low-demand crops like potatoes to more profitable alternatives as the market dictates.

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    • taneq 2 hours ago

      For example, these potatoes would last indefinitely in liquid form. ;)

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  • kwanbix 8 hours ago

    It really is not fashionable. I will say it is just a matter of observation.

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assaddayinh 12 hours ago

Leave it to [capitalism|socialism] to organize artificial scarcity..

why does endstage one starts to feel like the other..

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  • ahartmetz 11 hours ago

    The scarcity in socialism is all real! Organic, if you wish.

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