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I'm not sure this is the forum for capital lols, but to answer your question: > how do you determine what price is fair? Well that comes down to you, doesn't
by imdsm 4y ago
I'm not sure this is the forum for capital lols, but to answer your question:
> how do you determine what price is fair?
Well that comes down to you, doesn't it? Would you buy a litre of milk for $10? $5? $3? $2? $1? What about if you were buying some sterling to come and visit us here in the sunny UK, what exchange rate would you say is fair? £0.50? £0.75? £0.80? £0.85? What about if I was selling you a kg of Palladium, would you pay $100,000? $90,000? $70,000? [Assumed dollar currency but arbitrary to the point.]
That last question may be harder to answer without a google, as you might find it hard to determine what price is fair. If you can't determine the fair price for something you're buying, the question should be whether you should be buying it at all.
> You have reiterated a common crypto fallacy --- that blockchain accounting somehow makes the overall system "trustless". Nothing could be further from the truth.
It seems to me that you're having an adverse reaction to my comment, so I won't address the final two lines.
- jqpabc123 4y agoim not sure this is the forum for capital lols, Sorry. At this point, hearing people still try to defend crypto as being "trustless" is kinda comical --- sorta like people who trusted and defended Bernie Madoff because he was once chairman of NASDAQ. How many crypto rug pulls would be enough to convince you otherwise?