Sublime

The principle here is reciprocity, but notice that it is not simultaneous. Unlike the notion of barter, time is allowed to elapse before one deed is repaid by another. Trust is required to bridge that gap. Unlike barter, the exchange is not mechanistic in that it does not place a concrete value on one deed versus another. Rather it is inherently pe... See more

Credible agreements are always over-collateralized.

券商的自营部门和保险的投资部门，把手里持有的股票抵押给央行，央行给你同等价值的国债。而券商拿到国债后，第一时间不是继续持有而是立刻抛售，然后买入绩优高股息大蓝筹 因为国债年利率回报只有2.3％，而买一只股息率回报超过2.3％的股票都是白赚的，置换便利，故只利好能赚到真钱的高股息绩优蓝筹

By providing in this matter, you can provide liquidity for the entire range of prices (i.e. [0, ∞]) and always have both assets to execute trades.

Abbiamo visto che, purché non si presenti come un trucco evidente, la concessione ne stimola in cambio un’altra dalla controparte. Quelli che non abbiamo ancora esaminato sono due sottoprodotti poco noti che derivano da questo atto: il senso di essere in qualche modo responsabili dell’avvenuta transazione e la soddisfazione per come sono andate le

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The only advantage traditional contracts have over smart contracts lies in the number of assets one can use as collateral.