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Naysayers would point out that trading increases liquidity which ostensibly increases the ability of a market to parlay information into value. But I'd be like
by llamataboot 9y ago
Naysayers would point out that trading increases liquidity which ostensibly increases the ability of a market to parlay information into value.
But I'd be likely to agree with you. While blockchain technology /does/ have a future and will enable forms of socio-economic organization that were previously impossible, it's not there yet, and at the moment we're mostly passing tulips off to the greater fool.
- BoiledCabbage 9y ago> Naysayers would point out that trading increases liquidity which ostensibly increases the ability of a market to parlay information into value. And increasing opioid supplies, increases the ability of the market to efficiently parlay money into an altered mental state. Doesn't mean it's a net positive for society. The "liquidity" argument is such a terrible and simplistic justification for so many things.
- oxide 9y agoTrust me, those opioids would be just as easy to acquire with Amazon Gift Cards, Paypal, Western Union, a bank deposit, you name it pal. If you're trying to stand on some kind of anti-opiate moral ground for why cryptocurrency is evil it's a poor hill to die on.
- walrus1066 9y ago'at the moment we're mostly passing tulips off to the greater fool.' At least tulips have some intrinsic value, I.e. They can be quite pretty!