Exactly! Which is why it is mad trying to outlaw or frown upon “gambling” with stocks.

There are many great wxamples in this thread already of why derivatives are necessary to a functioning society.

I disagree. That’s like saying insurance shouldn’t be allowed.

Highly regulated would be anotheratter though.

I think you have a very specific definition of gambling which I don’t share. To me, gambling is much broader. Wikipedia summarizes it well:

“Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize.”

That’s it. It doesn’t make an opinion whether the bet is fair. There doesn’t have to be a casino involved at all. It also doesn’t require you to put “most or your life savings” into it for it to be gambling.

I think you are conflating high risk, high stakes and even the precence of a casino into the same concept and call it gambling.

https://en.wikipedia.org/wiki/Gambling

And fuck your versioning system. And you dependency management. And tooling. Why are there like five different projects trying to lock down the python environment? Conda? Venv?

Even Ubuntu tries to lock down python so that it doesn’t brick the install due to dependency conflicts.

Most companies have adapted to that by now. The raise the orice for (at least) rhirty days so that it still looks legit.

The one in your example seems like a failure at that.

I’m on the fence about that one.