6 ms·

How is that different than stock/commodities/forex markets?

• notahacker 6y ago
  There's a lot of breezy hype and people trying to make fortunes from unloading their bets to retail traders in those too, but they are at least trading in actual means of production and tokens used by entire economies as their only legal tender
  • jerrymiller 6y ago
    Now, what about gold?
    • SideburnsOfDoom 6y ago
      Gold exists regardless of if you mine it or not.
      • jerrymiller 6y ago
        And yet people mine it. And it follows the "I can get out before you" game the OP describes.
    • notahacker 6y ago
      A lot more hype, a lot more FUD about everything that isn't gold, a lot more "now is a good time to buy gold". But at least you can mark its inflated price up by turning it into something many cultures find useful or pretty. :)