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> As long as trades are happening, there is some sort pricing mechanism. Sure but my concern is that pricing now looks less about fundamentals and more about t
by tarsinge 6y ago
> As long as trades are happening, there is some sort pricing mechanism.
Sure but my concern is that pricing now looks less about fundamentals and more about the meta game of what other traders are gambling at the moment. What do you think about the price discovery mechanism for Bitcoin for example?
- bootcampwhere 6y agoWhy do idiots hate Bitcoin?
- MiroF 6y agoThere is no such thing as "fundamentals," value is in the eye of society - so pricing is also in the eye of society. Bitcoin is operating under a great deal of uncertainty about its future prospects/the prospects of blockchain. https://www.themoneyillusion.com/richard-rorty-and-the-efficient-markets-debate/ https://www.themoneyillusion.com/richard-rorty-and-the-effic...