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I don't think that counts as communicating to people at all, let alone to as many people.

by Clamchop 1y ago

PaulHoule 1y ago
What about the tickers you see on TV or at Times Square? That’s not communicating?
- crazygringo 1y ago
  How many people look at those? Versus how many people across the world are finding out about the new pope? The point is how many people are actually receiving this information. Not "could look up on their phone if they wanted".
  - PaulHoule 1y ago
    I used to be a CNBC junkie. Before there was crypto I used to enjoy adopting a penny stock and watching the ticker for it very closely; you can learn a lot about market dynamics when you are trading a stock where you buy $2000 of stock and that is 30% of the volume for the day. (Try $KBLB for a stock where if you think the price is too high or too low you will find that both opinions are vindicated if you wait long enough.)
    - crazygringo 1y ago
      That's great. Not sure what it has to do with the conversation though? Nobody is claiming nobody follows stocks.
    - Dylan16807 1y ago
      And that's a million people doing that versus a billion people hearing about the pope. (very very rough numbers of course)
      - PaulHoule 1y ago
        Also those trades occurring "millions and millions" of times a day as opposed to a new pope every decade or so. The comparison that I think matters is that the Pope and the Dalai Lama are the best-known religious leaders there are. I mean there used to be Billy Graham and the Ayatollah Khomeini but I think most people would struggle to name the leader of the Methodist church or Nichiren Buddhism or a rabbi of my than local importance.
        Dylan16807 1y ago
        Is that supposed to affect the comparison? A million trades seen by a thousand people each* isn't impressive, and numbers like that happen in all kinds of situations. This is about the huge number of people knowing about a single event right away. * I say a thousand here because even someone glued to every number on CNBC is parsing nowhere near millions of numbers. A much smaller sliver of people will see each of those individual trades.
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toonalfrink 1y ago
Prices are about communicating almost more than they are about prices...

I don't think that counts as communicating to people at all, let alone to as many people.

PaulHoule 1y ago

What about the tickers you see on TV or at Times Square? That’s not communicating?

crazygringo 1y ago
How many people look at those? Versus how many people across the world are finding out about the new pope? The point is how many people are actually receiving this information. Not "could look up on their phone if they wanted".
- PaulHoule 1y ago
  I used to be a CNBC junkie. Before there was crypto I used to enjoy adopting a penny stock and watching the ticker for it very closely; you can learn a lot about market dynamics when you are trading a stock where you buy $2000 of stock and that is 30% of the volume for the day. (Try $KBLB for a stock where if you think the price is too high or too low you will find that both opinions are vindicated if you wait long enough.)
  - crazygringo 1y ago
    That's great. Not sure what it has to do with the conversation though? Nobody is claiming nobody follows stocks.
  - Dylan16807 1y ago
    And that's a million people doing that versus a billion people hearing about the pope. (very very rough numbers of course)
    - PaulHoule 1y ago
      Also those trades occurring "millions and millions" of times a day as opposed to a new pope every decade or so. The comparison that I think matters is that the Pope and the Dalai Lama are the best-known religious leaders there are. I mean there used to be Billy Graham and the Ayatollah Khomeini but I think most people would struggle to name the leader of the Methodist church or Nichiren Buddhism or a rabbi of my than local importance.
      - Dylan16807 1y ago
        Is that supposed to affect the comparison? A million trades seen by a thousand people each* isn't impressive, and numbers like that happen in all kinds of situations. This is about the huge number of people knowing about a single event right away. * I say a thousand here because even someone glued to every number on CNBC is parsing nowhere near millions of numbers. A much smaller sliver of people will see each of those individual trades.
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toonalfrink 1y ago

Prices are about communicating almost more than they are about prices...