3 ms·

There is no market that does not adjust itself with new circumstances. Crypto prices fell and GPUs are now affordable without any government intervention. Amazi

• markdestouches 4y ago
  No one claims markets don't adjust. The claim is that unregulated markets often don't adjust for the benefit of the society at large. It weren't as amazing when the GPU prices soared due to mining, was it?
• viraptor 4y ago
  That's not quite right. The affordability increased slightly with the falling prices. But the merge basically opened the floodgates. It was a change in technology rather than a "market change" (as in business incentives balancing over time) that caused it.
• Bakary 4y ago
  This assumes these things don't operate in an environment affected by multiple nation states and their specific regulations
• ClumsyPilot 4y ago
  > ". Crypto prices fell and GPUs are now affordable without any government intervention" https://en.m.wikipedia.org/wiki/Market_failure https://en.m.wikipedia.org/wiki/Market_failure https://en.m.wikipedia.org/wiki/Cartel https://en.m.wikipedia.org/wiki/Cartel https://en.wikipedia.org/wiki/Bullwhip_effect https://en.wikipedia.org/wiki/Bullwhip_effect https://en.m.wikipedia.org/wiki/Demerit_good https://en.m.wikipedia.org/wiki/Demerit_good https://en.m.wikipedia.org/wiki/Information_asymmetry https://en.m.wikipedia.org/wiki/Information_asymmetry https://en.m.wikipedia.org/wiki/Wikipedia:Avoid_Parkinson%27s_bicycle-shed_effect https://en.m.wikipedia.org/wiki/Wikipedia:Avoid_Parkinson%27... And countless others.