tukabel comments on Risk Contracts: A Crackpot Idea to Save the World - Less Wrong
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Comments (35)
Please, keep this secret and do not tell the ruling politico-oligarchical predators... or else you will see how "creatively" can our beloved financial sharks play with it... start with brutally leveraged subprime asteroid extinction risk contracts for 1000 years (plus one can easily imagine lobbyists forcing government to stop funding anti-asteroid research/tech so that it does not harm their business (otherwise, we will hear these spells again... THE WHOLE global financial system will go down and the whole economy with it)