Kleros and Market Protocol announce PartnershipDerivatives are almost as old as mankind itself. The first-ever options trade in recorded history can be traced back to the 6th century B.C.
In his book Politics, Aristotle relates how Greek philosopher and mathematician Thales made an option type-agreement with olive producers when he deposited a small sum to have the right (but not the obligation) of buying olives at a low price...
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