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It's not that they care a ton about price (they do, but), but that price is verifiable, certain, and stable,, while future benefits are not, or might be rugpull
by invalidOrTaken 4y ago
It's not that they care a ton about price (they do, but), but that price is verifiable, certain, and stable,, while future benefits are not, or might be rugpulled.
I have lots of problems w/crypto, but one thing they've gotten right is the credibility of self-binding. Without that, it's just hard to trust any actor on their future behavior---from Reagan's immigration amnesty, to cable tv's ads, to funding government agencies that ("this time") will fix a problem.
(None of this is motivated by any dislike for USPS, which I generally like. I'm just talking about people's (imo justified) reluctance to trade the known for the unknown).