The price is based on processing and also on market demand. Let me explain those 2 points first #LesFoodFacts
The price is based on processing and also on market demand. Let me explain those 2 points first #LesFoodFacts
Origin? Queensland, Australia. Eaten by Aborigines for centuries and called "Kindal Kindal" until the colonisers landed and renamed them after one of themselves. Some dude called Macadam #LesFoodFacts
The fruit then needs to be harvested by hand, not machine, as they are so varied only a human eye (and hand) can sort them out.
They also only thrive in tropical places. #LesFoodFacts
The fat in them is good for you though, like olive oil. So the health market is one of the aspects that has driven the demand up. #LesFoodFacts
So right now Chinese agriculture is planting Macadamia trees like crazy. They reckon in a few years the price is gonna crash because of this. #LesFoodFacts
The majority of nuts are from ancient times and were discovered and consumed by indigenous people. Pecan nuts are one of the oldest nuts in the world. They were consumed by native Americans who would crush them and boil them.
Voila. Nut oils were discovered. The oils were full of flavour but were also good for health and well-being. This was key to their popularity
Argan is grown in a small area of Morocco, in the Atlas Mountains. Originally Argan oil was used by locals for their cooking but it is now predominantly used for beauty products. It is rich in Linoleic and Oleic acids, which are awesome for skin and hair
The tree produces an acid that destroys the good stuff in the Argan fruit. It's a defence mechanism
In actual fact, Argan fruit (which has the nut) have to be sorted by hand and it's a labour intensive process. The limited fruit and manual labour is why it's so expensive.
Oh, speaking of which, technically a nut comes from a fruit from a tree. So peanuts don't qualify as nuts. They're legumes, same family as beans and chickpeas. #LesFoodFacts
Well, the skin itself is poisonous actually. Cashews are from the same family as poison ivy. Eating (or touching) the raw nut with its skin on will cause some really hectic reactions. #LesFoodFacts
The manual labour = high price.
Rich in health benefits and vitality.
Almonds are from the middle East and are mentioned in the Old Testament and are linked to modern cuisine and techniques... #LesFoodFacts
The irony? Westerners found out about it through The Crusades when they slaughtered Arabs. Marzipan is from ancient Middle East #LesFoodFacts
Also fascinating is peanuts. They were fed to slaves and considered food for the poor. It was the slaves who helped spread peanuts from South America to the rest of the world. It's how they ended up in Africa.
Nuts have phytosterols, it's what your body uses to encourage healthy growth of cell membranes. In short, nuts make your skin and hair really healthy. It's why the beauty and health industries adore them. They also help reduce LDL cholesterol
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.