Sublime

Fairness is a function of effort and effort is shown through transparency.

"Market forces. Busy professionals play these games to cool off in the evening. They have money but no time. Then there are skilled gamers with no money but lots of time. It’s a natural ecosystem. Whole economies exist in these virtual worlds.

The entrepreneurs discovered that the problems plaguing existing online children’s swap sites were twofold: inconvenience and poor quality. The team had already solved the first problem with the original thredUp model, building an easy-to-use interface and prepaid envelope system that made the experience feel similar to Netflix. But ensuring

Parties with more alternatives and lower needs have the most power.

Money is a story. It is a story of what work has been done on credit that is yet to be redeemed. It is the Schelling point for universal credit. It is an IOU that everybody is willing to redeem (primarily because everybody is willing to redeem it) and hence that, at every instance of its transfer, it is re-ordained with the ascription of economic

Leo Melamed, Man of the Futures: The Story of Leo Melamed & the Birth of Modern Finance

Declining to hold a cash balance is a form of leverage by omission, as is declining to purchase insurance it would really be prudent to hold.