This was my take as well, and I dont know how people who listened to the interview get it so wrong.
He basically described how you can make transaction fees or arbitrage fees on others engaging in speculation.
A very dumbed down example would how the post office can make legitimate income on postage while someone else operates a Ponzi by mail schemes. Or for that matter, brokerages take commissions when people trade meme stocks and unprofitable companies every day.
He basically described how you can make transaction fees or arbitrage fees on others engaging in speculation.
A very dumbed down example would how the post office can make legitimate income on postage while someone else operates a Ponzi by mail schemes. Or for that matter, brokerages take commissions when people trade meme stocks and unprofitable companies every day.