4 ms·
What is the mile-high big-picture view of this publication? The CEO was unveiling the interim results; the listeners were business reporters that traders read,
by espadrine 4y ago
What is the mile-high big-picture view of this publication?
The CEO was unveiling the interim results; the listeners were business reporters that traders read, and the CEO’s motivation was to increase the share price.
Traders don’t always reinvestigate technical claims. Objectively, the claim has poor odds of being achieved, since customers have no incentive to use a system where they lose resale value. Furthermore, the technical underpinning they suggest has scalability issues, miner fees, and purchase latency, all of which disincentivize use.
The goal, though, was not to tell the world what they would do with certainty, but instead, this:
> Shares rose 10% at 11:12 a.m. in London on Monday