103. Islamic Finance and Bitcoin with Safdar Alam
The Bitcoin Standard Podcast
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Buying Oil or Selling Oil That You Don't Own
The further you get away from direct ownership, i think the closer you you're probably going to go to speculation. I could be wrong here, but isn't the distinction that e, when you buy something, you take custody of it. A, and whereas if you're buying something with debt, or buying something without taking custody of it, then that's what counts a speculation. So yes, i gues the difference between buying oil and buying an option, which says you you buy oil or sell oil that you don't own. And a, you know, yu are engaging in all these basically paper transactions where you're not going to actually take any oil y.
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