Comment by Flavius
11 hours ago
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.
Crop futures are already a thing. Potatoes are traded on EEX for example: https://www.eex.com/en/markets/agriculturals/potatoes
Duh. Just set up a viral potato coin and then short it to death
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.
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.
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.
For example, these potatoes would last indefinitely in liquid form. ;)
It really is not fashionable. I will say it is just a matter of observation.
but... will this solution be Cloud Native?
:-D
Leave it to [capitalism|socialism] to organize artificial scarcity..
why does endstage one starts to feel like the other..
The scarcity in socialism is all real! Organic, if you wish.