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Taking a position and then publicizing the position and the thesis behind it is standard procedure everywhere in finance. It's a way of accelerating pricing-in
by leppr 6y ago
Taking a position and then publicizing the position and the thesis behind it is standard procedure everywhere in finance. It's a way of accelerating pricing-in of the information.
You can indeed just short an artificially inflated asset, but if the sham is only revealed long after you're insolvent, you lose your money.
BTW, your bull case for Bitcoin wasn't built from trusting random people on the internet?
- nmlnn 6y agoNope, that's why I'm so confident. The entire point of Bitcoin is to remove the need for trust and replace it with network consensus rules and proof-of-work, both of which you validate yourself. Since, to me, that's far superior to the current system - I just see it as an inevitable transition.