Mars’ investment subsidizes a coup because entrepreneurial space pirates can become Mars’ counterparty and use their expected profits to fund the conquest of Ceres.
Ok, so what happened is Mars bet 5 million dodgecoin there would not be a coup. So if there is a coup, those who bet for a coup gain 5 million dodgecoin? Just trying to understand this nested statement. So now the space pirates have a speculative venture : conquer Ceres. How do they get investors to fund their expedition and pay for all the robotic marines and munitions and ships they need? Is there a blockchain solution to lending for this?
For that matter, don’t the space pirates have to have 5 million dodgecoin in liquidity to make the bet for the expedition and also another 5 million to pay for it? It seems like this situation just offers a chance for them to get paid but not actually pay the ‘cash’ they need to buy weapons off the black market.
Ok, so what happened is Mars bet 5 million dodgecoin there would not be a coup. So if there is a coup, those who bet for a coup gain 5 million dodgecoin? Just trying to understand this nested statement…It seems like this situation just offers a chance for them to get paid but not actually pay the ‘cash’ they need to buy weapons off the black market.
You are correct. The system guarantees space pirates will get paid if they topple the Ceres government. It does not provide them with upfront liquidity. After all, there is no way for Mars to know that this batch of alien ruffians can be trusted. (Especially because if the space pirates were paid upfront then they would no longer be incentivized to conquer Ceres.)
How the space pirates turn an expected windfall of 5 million Dogecoin into immediate liquidity is left unspecified. It depends on local customs and conditions. But a probable future windfall can usually be turned into upfront cash (for a fee). There may be a blockchain solution or they might just to go a local investor with whom they have established trust (but who does not need connections to the Martian government).
Mars’ investment subsidizes a coup because entrepreneurial space pirates can become Mars’ counterparty and use their expected profits to fund the conquest of Ceres.
Ok, so what happened is Mars bet 5 million dodgecoin there would not be a coup. So if there is a coup, those who bet for a coup gain 5 million dodgecoin? Just trying to understand this nested statement. So now the space pirates have a speculative venture : conquer Ceres. How do they get investors to fund their expedition and pay for all the robotic marines and munitions and ships they need? Is there a blockchain solution to lending for this?
For that matter, don’t the space pirates have to have 5 million dodgecoin in liquidity to make the bet for the expedition and also another 5 million to pay for it? It seems like this situation just offers a chance for them to get paid but not actually pay the ‘cash’ they need to buy weapons off the black market.
You are correct. The system guarantees space pirates will get paid if they topple the Ceres government. It does not provide them with upfront liquidity. After all, there is no way for Mars to know that this batch of alien ruffians can be trusted. (Especially because if the space pirates were paid upfront then they would no longer be incentivized to conquer Ceres.)
How the space pirates turn an expected windfall of 5 million Dogecoin into immediate liquidity is left unspecified. It depends on local customs and conditions. But a probable future windfall can usually be turned into upfront cash (for a fee). There may be a blockchain solution or they might just to go a local investor with whom they have established trust (but who does not need connections to the Martian government).
‘dogecoin’, not ‘dodgecoin’