3min chapter

The Blockchain Socialist cover image

OTNS: Maximum Freedom in Complex Social Organizations

The Blockchain Socialist

CHAPTER

The Importance of Risk Diversification in Modern Society

There are certain things that as a structural matter we are better off together at scale in particular insurance just the ability to pool across a much larger class of individuals is more effective. "I view most of finance as highly sophisticated risk diversification intertemporally between people who have economic value today and those who want that economic value today"

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