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gher-shyu3i
on Feb 3, 2021
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It’s Time for Real Time Settlement
From what I understood from his comment, he was worried about how shorting would cause the collapse of the agricultural sector, so agreeing with you that it's a bad and dangerous practice.
kasey_junk
on Feb 3, 2021
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No the opposite. I believe that modern agriculture would collapse without short positions.
I concede this is largely an act of faith on my part.
gher-shyu3i
on Feb 3, 2021
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How so? Shorters push stock down, so how does it benefit the agriculture industry?
selimthegrim
on Feb 3, 2021
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You want insurance in case your crop fails, who do you think is taking the other side of that bet for you?
gher-shyu3i
on Feb 3, 2021
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Two very different things. Insurance is to protect the consumer (if applied correctly), whereas shorters want and benefit off of the misery of others.
kasey_junk
on Feb 3, 2021
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I answered in a sibling comment but don’t know the HN software enough to link.
selimthegrim
on Feb 3, 2021
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https://news.ycombinator.com/item?id=26009042
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